Abu Dhabi – Mubasher: The net profits attributable to the shareholders of Agthia Group surged to AED 216.04 million in 2021, compared to AED 34.47 million in 2020, according to the company's preliminary unaudited financials for the year ended 31 December 2021.

The company generated revenues of AED 3.07 billion in 2021, up 49% from AED 2.06 billion in the earlier year.

The earnings per share (EPS) settled at AED 0.29 last year, against AED 0.057 in 2020.

Meanwhile, the board has recommended a 40% cash dividend distribution, amounting to AED 228 million for 2021.

The Chairman of Agthia Group, Khalifa Sultan Al Suwaidi, said: "2021 rounds off another exciting year of growth for Agthia as we continue to leverage our strong fundamentals to drive further operational efficiencies, promote agility and advance towards our strategic priorities for 2025."

Meanwhile, the CEO of Agthia Group, Alan Smith, commented: "In terms of integration, the newly added entities promote greater diversity of our portfolio to create a more dynamic and agile business model, with material enhancements to our Protein and Snacking segments."

It is noteworthy to mention that during the first nine months (9M) of 2021, the company's net profits attributable to the owners of Agthia Group hiked to AED 103.297 million from AED 9.87 million in the same period of 2020.