Press releases, Reports & Disclosures for GHITHA HOLDING P.J.S.C.

Ghitha Holding PJSC reported an 18% increase in revenue for the first half of 2024, reaching AED 2.45 billion. The company's gross profit grew by 57% year-over-year to AED 176 million, and EBITDA remained strong at approximately 10% of revenue. Total assets increased by 33% since December 2023, amounting to AED 9.4 billion. The company also signed an agreement to acquire Marmum Dairy Farm, which is expected to strengthen its market position and enhance its presence in the dairy industry. Group CEO Falal Ameen attributed the company's performance to its strategy of acquiring strategic assets, market penetration, organic growth, and product diversification, despite challenges such as supply chain disruptions and commodity price volatility.

The text refers to the interim condensed consolidated financial statements for Ghitha Holding PJSC, covering the three-month period ending on 31 March 2024.