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Agthia share ignores profit gain, falls 4.14%

Agthia share ignores profit gain, falls 4.14%
Agthia
AGTHIA
1.56% 5.87 0.09
Leading food and beverage company Agthia’s share fell 4.14% in the first hour of Thursday’s trades to rank amongst the Thursday’s top three decliners. The share fell to AED 5.56.

Turnover was weak at 2,000 shares worth AED 11.120 THD. Agthia’s share brought down the consumer staples sector by 2.92%.

The share ignored the positive H1-14 results announced earlier and which recorded a 21% increase to AED 104.5 million due to an increase in net sales and an improvement in profit margins.