Agthia Group Q1 revenues surge 17% to $181m
ABU DHABI, 3 hours, 3 minutes ago Agthia Group, a leading regional food and beverages company, has posted total revenues of AED665.5 million ($181 million) for the first quarter (Q1) of the year, resenting 17% growth compared to the same period in 2020. The Group recorded Earnings per Share of AED0.069 per share, marking a 57% year-on-year growth. The Group’s consumer-business recorded AED430.5 million in revenues. The net revenue of the food segment, which includes tomato paste & frozen vegetables, bakery, dairy and trading items, increased by 23.5% on continued at-home consumption trend for tomato paste and frozen vegetables in both the UAE and Egypt and the inclusion of Al Faysal Bakery & Sweets post consolidation. Furthermore, Al Foah contributed AED137 million to the top-line during the 3-month period.
Belarus signs $7m worth of contracts at Gulfood expo in Dubai
Photo courtesy of BelInterExpo
MINSK, 2 March (BelTA) – Belarusian companies signed contracts worth $7 million at the food expo in Dubai, BelTA learned from the exhibition organization company BelInterExpo of the Belarusian Chamber of Commerce and Industry (BelCCI).
“A total of 25 Belarusian food manufacturers showcased their products in the national pavilion Belarus. The Taste of Nature at the large international exhibition of food and beverages Gulfood 2021 in Dubai. Domestic manufacturers displayed meat and dairy products, poultry and egg products, groceries and confectionery. Their participation in the expo resulted in contracts worth a total of $7 million. The contracts were signed with partners from the UAE, Bangladesh, Ghana, Egypt, Jordan, Iran, Iraq, Yemen, Lebanon, Libya, Pakistan, Saudi Arabia, Serbia, and Syria,” BelInterExpo informed.
Highlights
Agthia Group PJSC, a leading regional food and beverages company, took home the “Most Impactful Sustainable Product” award for its Al Ain plant-based bottle at the Gulfood Innovation Awards 2021.
Agthia Group PJSC, a leading regional food and beverages company, took home the “Most Impactful Sustainable Product” award for its Al Ain plant-based bottle at the Gulfood Innovation Awards 2021.
The awards were announced as part of Gulfood 2021, the world s largest annual food and beverage trade show, hosted at the Dubai World Trade Centre with numerous renowned brands competing across 11 different categories.
Alan Smith, Chief Executive Officer of Agthia Group, said: “This award emphasizes Agthia’s dedication to bringing pioneering products into our consumers lives. As one of the leading F&B companies in the region, we have always been at the forefront of innovation and sustainability, and through the Al Ain plant-based bottle, we will be meeting our commitment t
The 26th edition of the annual F&B event will host 2,500 companies from 85 countries
by Zainab Mansoor
February 18, 2021
Gulfood, the annual F&B trade exhibition will return to the UAE this year from February 21-25.
The first live, in-person F&B industry event of 2021, Gulfood will be held across 20 exhibition halls at the Dubai World Trade Centre (DWTC), convening stakeholders from all over the world for five days of dialogue, live demonstrations and business deals.
The 26th edition of Gulfood will host 2,500 companies from 85 countries, who will participate to seek new collaborations and partnerships. This year’s event will also showcase its first blockchain-based dairy exhibitor courtesy of French technology innovator Ingredia, while the world’s 8th largest dairy company, Amul will also participate.