4.97 billion dirhams revenues "Holding food" In 2024
Abu Dhabi, January 31 / WAM / The “Food Holding Company” achieved a total revenue of 4.97 billion dirhams, in 2024, an increase of 8.9% compared to 2023, by expanding its business on the one hand, and strategic acquisitions on the other hand.
The group’s total profits increased by 25.8% on an annual basis to reach 977.7 million dirhams, while the margin of those profits increased by 2.6 percentage points to 19.7% during the fiscal year 2024, and the growth of total profits is due to improved efficiency in controlling costs, strategic acquisitions and gains resulting from Merging and integrating business, which contributed to enhancing cost structure during the fiscal year 2024.
The public budget of the “Food Holding Group” maintained its strength and stability, registering an increase in the total assets by 32.0% to reach 9.3 billion dirhams during the fiscal year 2024.
The group’s CEO, Falalal Amin, said that the group will continue to focus on taking advantage of the strength and capabilities of technology and artificial intelligence during the next stage to simplify its operations and improve the decision -making process, and to find and seize new and promising opportunities to achieve more value, and will unite its efforts to raise the level of efficiency through its subsidiary companies, To ensure more strength and flexibility in light of the rapid changes in the markets.
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