United Foods Company is pleased to announce that the Board of Directors proposed 100% cash dividend of paid-up capital, reflecting robust financial performance and dedication to consistent returns to shareholders, reflecting the Group’s sustainable growth plans.
Key highlights of 2024 performance:
– Sales volumes increased 5.9%, highlighting strong market demand across core categories
– Gross revenue reached record of AED 601.7 million, up from AED 589.4 million in 2023
– Gross profit expanded 8% to AED 99.6 million, underscoring operational efficiency
– Net profit after tax and remuneration was AED 30.8 million
– Earnings per share increased 11% to AED 1.02 (2023: AED 0.92), representing stronger
shareholder returns
– Total assets increased to AED 439.4 million, while equity reached AED 344.5 million
Fethi Khiari , UFC Chief Executive Officer, commented, “In all, 2024 was a milestone year of achievement for United Foods. We increased sales volumes and revenue, protected margins, continued to deliver dynamic, high-quality products, and diversified our product portfolio to better delight our customers. These key initiatives have enabled us to reinforce our robust position in the UAE and in all the markets we serve. With a strong commitment to operational excellence, innovation, and national development, United Foods continues to invest in automation, product diversification, and Emiratization.”
