AGTHIA Group

The text provides contact details for Agthia Group PJSC, located in Abu Dhabi, UAE. It also mentions a Management Discussion & Analysis Report on the company's Q1 2024 results, released on 15 May 2024.

Agthia Group PJSC, a leading regional food and beverage company, reported a 22.6% net revenue growth and a 32.0% group net profit growth for Q1 2024. The strong performance was driven by profitable growth across all business segments, including Snacking, Water & Food, and Agri-Business. The group's net revenue increased to AED 1.45 billion, with a 17.5% growth from volume and 5.1% from pricing. Despite global macroeconomic challenges and currency devaluation in Egypt, the company saw robust growth across its snacking portfolio, a 3.5% revenue increase in its Water & Food segment, a 15.9% revenue growth in its Protein & Frozen segment, and a 50.6% revenue increase in its Agri-Business segment. The company has maintained its full-year guidance for 2024.

The document provides a report and interim condensed consolidated financial statements for AGTHIA GROUP PJSC for the three-month period ending on 31 March 2024. The report contains detailed financial information and performance indicators for the said period.

The Agthia Group PJSC Board of Directors plans to hold a virtual meeting on May 15, 2024, at 4:00 PM. The agenda includes approving the reviewed Financial Statements for the period ending March 31, 2024, and the Management Discussion and Analysis Report. They will also discuss other routine matters related to the company's business and its current and future projects. The results of the meeting will be disclosed afterward. A copy of this information has been sent to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

Agthia Group PJSC, a leading food and beverage company in the region, held its Annual General Meeting where shareholders approved the Group's financial results for the fiscal year 2023 and the allocation of cash and stock dividends. The Board of Directors had recommended a cash dividend payment of 18.5 fils per share for the year, as well as bonus shares at the rate of 5% of share capital, based on Agthia's strong financial performance in 2023. The Group had already paid an interim cash dividend of 8.25 fils per share for the first half of 2023, aligning with its semi-annual dividend policy. The total dividends distributed for the year amounted to AED 146.5 million, a 12% increase compared to 2022. Agthia Group reported a strong fiscal performance in 2023, with Group net revenue growing over 12% year-on-year to reach AED 4.56 billion.

Agthia Group PJSC has notified its shareholders about the upcoming Annual General Assembly Meeting, scheduled for 23 April 2024 at 11:00 AM. The meeting can be attended either physically or virtually. To access the meeting and complete the registration formalities, shareholders are advised to use the link www.smartagm.ae. The notice is also copied to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.