Dubai-based Raw Coffee Company reveals 21% revenue increase for 2020

Dubai-based Raw Coffee Company reveals 21% revenue increase for 2020

Dubai-based Raw Coffee Company enjoyed its best year in 2020 and has revealed expansion plans for the coming 12 months.

Company co-owner and CEO, Matt Toogood, told Arabian Business that he expects an 8 percent increase in net profits for the past 12 months, while he said year-on-year revenue was up by 21 percent.

With an air of caution in his mind, he said "2020 was the best year for this company that we've ever had.“

"I'm really scared about saying that because there's been so many people that I know who have been impacted directly and our community that has been dramatically affected by 2020. I'd hate to think that people thought we took advantage of the situation because there's a number of companies around the world who have done that.“

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The company, which was founded in 2007, recently struck a deal with logistics giant DHL to extend its GCC delivery after witnessing an increase in online sales of 70 percent in the last year.

Toogood, who runs the business alongside co-owner and managing director Kim Thompson, said that from completing 50 deliveries-a-day prior to the lockdown