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Consumer-staples firms to tackle financials Feb 5

Consumer-staples firms to tackle financials Feb 5
Photo Credit: Arabianeye-Reuters
Agthia
AGTHIA
0.00% 5.23 0.00
RAPCO Investment
RAPCO
-8.00% 1.38 -0.12

 

Abu Dhabi – Mubasher: Several firms listed on the Abu Dhabi Securities Exchange (ADX) as part of the consumer staples sector have announced that their Board will convene on Thursday, February 5, 2015, to tackle their respective financials for FY14.

These companies include Agthia and Ras Al Khaimah Poultry and Feeding Company (RAPCO).

Agthia said in its statement to the ADX that the Board will also discuss amending Article no. 22 in the Company’s Articles of Association.

Agthia had reported a net profit surge by 25.8% during the first nine months of 2014, as well as a 38% leap in Q3-14. Meanwhile, RAPCO reported a huge leap in profits by 542% during the nine-month period.