AGTHIA – Emirates Foodstuff & Mineral Water Company PJSC announced reliminary Year-End 2007 Financials results
February 05, 2008
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Client(s):
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Emirates Food Stuff and Mineral Water Co.
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AGTHIA - Emirate Foodstuff and Mineral Water Company P.J.S.C. announced it’s preliminary (un audited) financial results for the fiscal year ended December 31, 2007.
“Management’s focus on execution of strategies, productivity gains, and operational efficiencies, has resulted in a strong financial performance across the board, with robust gains in revenue, net profits and earnings per share (EPS)”, stated Agthia Chairman, H.E. Rashid Al Hajeri.
Revenues at AED 578.7 million reflects a solid growth of 33.5% while Net Profit at AED38.1 million jumped impressively by 31% compared to last year. Earnings per share also grew by 31.1% .
This impressive performance was achieved despite the soaring raw material prices in the international market combined with local inflationary pressures.