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FINANCIAL NEWS
UAE’s Marmum Dairy to invest in GCC countries
20 May 2014
(MENAFN) Marmum Dairy Farm, a subsidiary of Dubai Investments (DI), plans to further expand in the GCC countries and double its turnover in the following half decade, according to the Emirates 24/7.
Last decade, Marmum posted 133 percent growth in the turnover with the gross revenue recording a compounded annual growth rate [CAGR] of 9.8 percent between 2004 and 2013.
The company’s gross volumes reached a corresponding CAGR of 7.9 percent in the same period.
The company plans to unveil new products in the coming year in addition to its current various popular products such as fresh milk, flavoured milk, fresh yoghurt, fruit yoghurts, fruit juices, Proactiv laban [buttermilk] and laban.
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