Agthia Group PJSC reported a 24 percent jump in its net profit to AED 254.9 million during the first nine months of 2024.
The Group also posted a 10.3 percent rise in net revenue to AED 3.6 billion during the period.
In a statement, the Group said its robust performance positions it to meet its full-year guidance, with Group EBITDA and Group net profit outpacing revenue growth as a result of operational efficiencies and disciplined cost management.
The financial performance was bolstered by strategic portfolio shifts toward higher-growth segments and significant innovations, which accounted for 57 percent of the Group’s total growth, Agthia said.
Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said the strong year-to-date performance reflected the strength of the Group’s diversified portfolio and strategic growth initiatives, even amidst global challenges such as currency fluctuations and inflationary pressures.
“These results highlight our resilience and strategic focus on driving sustainable value across our diverse portfolio,” he said.
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