Arab Finance: The board of directors of Ismailia National Food Industries (Foodico) has endorsed the planning budget of 2024, with estimated net sales of EGP 154.20 million, up from EGP 128.500 million targeted for 2023, according to a statement on December 14th.

As per the 2024 planning budget, the company is expected to record net profit after tax of EGP 32.760 million, up from EGP 24 million expected for this year.

Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, the US, Canada, and Australia.

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