UAE food group Agthia’s profit for the first six months fell by 49.72% to 42.26 million dirhams ($11.51 million) compared to 84.06 million dirhams for the same period in 2019.
The company behind Al Ain dairy and Al Bayan water posted a 2.58% higher revenue of 1.09 billion dirhams, according to its bourse filing on Tuesday (July 28).
However, cost of sales rose by 4.07% to 756.11 million dirhams from 726.54 million dirhams year-on-year, and general and administrative expenses increased by 31.86% to 103.37 million dirhams.
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