Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Agthia Group, one of the UAE's leading food and beverage groups, fell to AED 137.026 million in 2019 from AED 210.496 million in 2018, according to the company’s preliminary unaudited financial results for 2019.

The company’s revenues grew by 2% year-on-year (YoY) to AED 2.039 billion in 2019 from AED 2.001 billion in the earlier year.

Meanwhile, the earnings per share (EPS) stood at AED 0.228 last year from AED 0.351 in 2018.

Commenting on 2019 financial results, the chairman Eng. Dhafer Ayed Al Ahbabi said: “Agthia’s 2019 financial results are a testament to the company’s agility in the ability to maintain leading market share and grow revenues against headwinds.”

Meanwhile, the CEO of Agthia, Eng. Tariq Ahmed Al Wahedi, highlighted: “Our success is also supported by the flour business beating the zero-subsidy competitive environment along with the vigorous performance in the food segment and international markets.”

It is noteworthy to mention that during the first nine months of 2019, the company’s net profits decreased by 26.1% to AED 117.2 million from AED 158.6 million in the same nine months of 2018.