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Agthia Group Kept at Buy as FAB Notes 'Resilient' Q3 Performance
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07:49 AM EST, 11/12/2026 (MT Newswires) -- FAB Securities maintained its buy rating on Agthia Group (ADX:AGTHIA), as well as its price target of 5.10 Emirati dirhams, following the release of the company's third-quarter earnings. According to a Thursday note, the food and beverage company's attributable profit of 27 million Emirati dirhams surpassed FAB's estimate of 15 million dirhams. Revenue rose 14.4% annually to 1.3 billion dirhams. Analysts expected 1.22 billion dirhams in revenue for the quarter. "Agthia delivered a resilient top-line performance in 3Q26, with reported revenue increasing 14.4% YOY to AED 1.3 Bn, supported by AED 104.7 Mn of one-off sales under the UAE food security program. Excluding these one-off sales, underlying revenue grew 5.2% YOY, demonstrating the resilience of the Company's core business despite a challenging operating environment," FAB wrote.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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