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Aujan Industries’ revenue increases by 26% in Q3 of 2008

Saudi Arabia: Monday, November 03 - 2008 @ 16:28

Aujan continues its growth in 2008 and posted 26% increase in revenue, along with a hike of 20% in volume of sales. These results are advancing Aujan towards achieving their ‘555’ strategy which is defined by reaching a total revenue of USD $500M with 5 brands in 5 years between 2004 and 2009.

Increase in revenue has been recorded throughout all of Aujan’s markets, with both the Gulf and Iran leading the increase by 34% each, whilst volume of sales increased by 16% and 24% respectively. With a substantial amount of focus being placed on the Levant and Iraq, revenue has seen a rise of 30% in the third quarter of this year. Additionally, the volume of sales outside of the regional territories has increased by 35%, which is in direct proportion to the company’s expansion into international markets, which include parts of Africa, the CIS and South East Asia.

“The third quarter of 2008 has been a great success for Aujan Industries. We’re looking forward to continuing this success and subsequently fulfilling our ‘555’ goal planned for the end of 2009,” Kerry Anastassiadis, President, Aujan Industries Co explained.

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Monday, November 3- 2008 @ 16:28 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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