BMB Group

Agthia's Net Profit Surges 74% on Strong H1'22 Results

Retrieved on: 
Thursday, August 11, 2022

The period ending 30 June 2022 saw a 51% year-on-year growth in net revenues compared with the same period in 2021.

Key Points: 
  • The period ending 30 June 2022 saw a 51% year-on-year growth in net revenues compared with the same period in 2021.
  • Group net profit attributable to shareholders grew to AED 118 million for the period, a 74% increase relative to H1 2021.
  • This performance reflects the impact of the Group's recent acquisitions as well as its cost optimization efforts as part of its five-year growth strategy.
  • The acquisitions we have completed over the past year have not only delivered strong top-line growth but also contributed to enhanced profitability.

Agthia Group Achieves Record Quarterly Revenues of AED 1.05 Billion in Q1 2022

Retrieved on: 
Monday, May 16, 2022

ABU DHABI, Arab Emirates, May 16, 2022 (GLOBE NEWSWIRE) -- Agthia Group PJSC, one of the region's leading food and beverage companies, announced today that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception, registering a 58% year-on-year growth.

Key Points: 
  • ABU DHABI, Arab Emirates, May 16, 2022 (GLOBE NEWSWIRE) -- Agthia Group PJSC, one of the region's leading food and beverage companies, announced today that its quarterly net revenues surpassed AED 1 billion in Q1 2022 for the first time since its inception, registering a 58% year-on-year growth.
  • Group net profit attributable to shareholders was AED 82 million for the quarter, a 64% increase relative to Q1 2021.
  • Alan Smith, Chief Executive Officer of Agthia Group, said: "In the first quarter of 2022, our attention was focused primarily on the seamless integration of the entities acquired in 2021.
  • The Group's total assets reached AED 6.6 billion as of 31st March 2022, while total shareholders' equity for the period stood at AED 2.8 billion.

CI Financial to Access Specialized Services for Affluent Investors Through New York Private Bank & Trust

Retrieved on: 
Friday, February 26, 2021

CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, and New York Private Bank & Trust, parent company of Emigrant Bank (Emigrant), today announced an agreement under which specialized services for ultra-high-net-worth investors provided by Emigrants subsidiaries will be offered to CIs U.S. wealth management businesses.

Key Points: 
  • CI Financial Corp. (CI) (TSX: CIX; NYSE: CIXX), a diversified global asset and wealth management company, and New York Private Bank & Trust, parent company of Emigrant Bank (Emigrant), today announced an agreement under which specialized services for ultra-high-net-worth investors provided by Emigrants subsidiaries will be offered to CIs U.S. wealth management businesses.
  • Services include Delaware trust administration services, personal property and casualty insurance services specifically designed for high-net-worth individuals and families, and financing and advisory services for fine art and other collectible passion assets.
  • Were thrilled to expand the market for our differentiated services for ultra-high-net-worth investors through this relationship.
  • CI Financial Corp. is an independent company offering global asset management and wealth management advisory services.