RIYADH: UAE food giant, Agthia Group, has posted a net profit increase of 535 percent after revenues grew 49 percent in 2021.

Profit reached 216 million dirhams ($85 million), up from 34 million dirhams last year, according to an Abu Dhabi Securities Exchange filing.

Revenues grew from 2 billion dirhams to more than 3 billion dirhams ($816 million).

Group’s positive performance was attributed to its strategy of driving growth and diversifying revenue streams, as well as newly acquired entities in the segment.