[ad_1]
The first-half results showed growing gains from its strategy to strengthen its restaurant leadership in the Middle East and beyond. Solid revenue growth and improved profitability were both the result of last year’s acquisitions, which then led to a successful integration within the group.
The company focused on integrating acquired entities in the first quarter and accelerated synergistic extraction in the second quarter. This has helped Agthia offset higher direct costs and M&A-related expenses, while reducing the impact of supply chain disruptions, responding to market volatility and combating inflation.
Recently, Agthia announced an investment of AED 90 million in a Saudi Arabia to support its protein expansion and meet high demand from regional customers. Additionally, in July, the board authorized the purchase of a strategic 60% ownership of Auf Group, an Egypt-based specialist producer and retailer of healthy snacks and coffee. Recent moves are expected to support the five-year strategy as the company capitalizes on the market’s upward momentum.
In a risky international environment, expanding the footprint in the region through investments and acquisitions is a smart choice. It will enable the organization to expand into new markets and maintain steady business growth. Additionally, Agthia will also be able to stay one step ahead of the competition thanks to cost-saving initiatives and the ability to maintain pricing power.
The company’s 12-month dividend yield is 3.29%.
[ad_2]
Source link