Abu Dhabi – Mubasher: The net profits attributable to the equityholders of Agthia Group increased by 14% year-on-year (YoY) to AED 246.78 million in 2022, versus AED 216.03 million.

Revenues stood at AED 4.06 billion in the 12-month period that ended on 31 December 2022, higher by 33% YoY than AED 3.06 billion, according to the preliminary income statements.

Meanwhile, the earnings per share (EPS) grew by 9% to AED 0.31 last year from AED 0.28 in 2021.

The UAE-based company reported total assets worth AED 6.82 billion in 2022, up from AED 6.38 billion in the January-December 2021 period. 

Khalifa Sultan Al Suwaidi, Chairman of Agthia, said: “Agthia’s strong performance this past year, in a challenging external environment, clearly demonstrates management’s ability to acquire and consolidate value accretive businesses while leveraging synergies and maintaining a profitable core.”

In the first nine months (9M) of 2022, the ADX-listed firm logged net profits attributable to the owners worth AED 158.55 million, an annual surge from AED 103.29 million.