The leading food and beverage company announced that their revenue has reached Dh492.1M for the third quarter.
The group’s net revenue has increased to Dh1.57bn in the first nine months of 2020, which is a 2.2 per cent growth in comparison with the same period last year. The third quarter has seen Agitha Group take strategic steps to improve the long-term quality of their earnings.
“2020 continues to be a transformational year for Agthia in an unprecedented business environment. Despite that, the Group’s Q3 2020 financial results underscore our plans to reset the fundamentals of the business with a focus on growth. Whilst our Board, CEO and leadership team are continuing strategic reviews, bold steps have already been taken by the team to re-set the base for future success,” commented Khalifa Al Suwaidi, Chairman of Agthia and Chief Investment Officer at ADQ.
