Arab Finance: Ismailia National Food Industries (Foodico) saw a 1.69% year-on-year (YoY) increase in its net profits after tax during 2022, according to the firm’s financial statement sent to the bourse on February 22^nd.

Foodico achieved net profits after tax of EGP 9.721 million in the 12-month period ended December 31^st 2022, compared to EGP 9.559 million a year earlier.

Net sales hit EGP 101.557 million last year, up from EGP 67.276 million in 2021.

Foodico is an Egypt-based company engaged in the food industry. The company is involved in the production of vegetables, fruits, and agricultural products such as juices and beverages, in addition to manufacturing, freezing, canning, drying vegetables, fruits and legumes, among others.

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