Latest news with #Dh307.9
Khaleej Times
28-04-2025
- Business
- Khaleej Times
Ghitha Holding reports 7% rise in Q1 revenue to Dh1.35 billion
Ghitha Holding, a diversified conglomerate spanning agriculture, food production, and distribution, on Monday announced that revenue touched Dh1.35 billion in Q1-2025, representing a 7.2 per cent increase compared to Q1-2024. The Group's performance for the period reflects successful organic growth efforts, operational momentum, and contributions from recent acquisitions. Gross profit reached Dh307.9 million, up 27.1 per cent year on year in Q1-2025, while operating profit rose 6.4 per cent year on year to Dh76.8 million on the back of cost efficiencies and improved products mix during the period. Falal Ameen, Ghitha Holding's CEO, said: 'Our first quarter results reflect Ghitha's disciplined execution and strong foundations. The contribution of recent acquisitions to this quarter's performance marks a tangible milestone in our acquisition strategy, and we're excited about the future potential of our latest deal with Al Jazira Poultry Farm. Ghitha will continue to explore further opportunities aligned with its strategic vision, with active pipelines across the food segment.' In March 2025, Al Ain Farms, a subsidiary of Ghitha Holding, signed a share purschase agreement (SPA) to acquire Al Jazira Poultry Farm, a leading UAE-based poultry producer. This acquisition strengthens the Group's position in the protein vertical and forms part of its broader strategy to expand across essential food segments. Moreover, the transaction builds on the Group's successful acquisition of Arabian Farms completed last year. Looking ahead, Ghitha will focus on technology implementation and digital innovation to elevate decision-making, streamline operations, and enhance competitiveness across its value chain. As the Group strengthens its position in food value streams, M&A will remain a core pillar, with an emphasis on operational integration, efficiencies, and maximizing value creation.
Al Etihad
27-04-2025
- Business
- Al Etihad
Ghitha Holding posts 7% revenue growth in Q1 2025
28 Apr 2025 00:14 ABU DHABI (ALETIHAD)Ghitha Holding, a diversified conglomerate operating across agriculture, food production, and distribution sectors, reported a strong start to 2025 with a 7.2% year-on-year (YoY) increase in revenue for the first quarter, reaching Dh1.35 Group's gross profit rose by 27.1% YoY to Dh307.9 million, while operating profit grew by 6.4% to Dh76.8 million, driven by cost efficiencies and an improved product mix. The performance reflects successful organic growth initiatives, operational momentum, and contributions from recent on the results, Falal Ameen, CEO of Ghitha Holding, said:'Our first quarter results reflect Ghitha's disciplined execution and strong foundations. The contribution of recent acquisitions to this quarter's performance marks a tangible milestone in our acquisition strategy, and we're excited about the future potential of our latest deal with Al Jazira Poultry Farm. Ghitha will continue to explore further opportunities aligned with its strategic vision, with active pipelines across the food segment.'In March 2025, Al Ain Farms, a subsidiary of Ghitha Holding, signed a Share Purchase Agreement (SPA) to acquire Al Jazira Poultry Farm, a leading UAE-based poultry producer. This acquisition strengthens Ghitha's position in the protein vertical and follows the successful acquisition of Arabian Farms last ahead, Ghitha plans to enhance its operations through technology implementation and digital innovation, aiming to elevate decision-making, streamline processes, and boost competitiveness across its value chain. Mergers and acquisitions (M&A) will remain a core pillar of its strategy, with a focus on operational integration, efficiencies, and maximising value creation. Ghitha Holding operates as a subsidiary of International Holding Company and manages a wide-ranging portfolio of subsidiaries and associates, including Al Ain Farms, Marmum Dairy Farm, Arabian Farms, Apex Investment, Al Ajban Poultry, and NRTC Group, among others, engaged across dairy, poultry, fish, agriculture, food commodities, and trading sectors.
