Arab Finance: The board of directors of Ismailia National Food Industries (Foodico) (INFI) has endorsed the planning budget of 2023, with estimated net sales of EGP 80.90 million, according to a statement on January 2nd.
As per the 2023 planning budget, the company is expected to record net profit before income tax of EGP 16.108 million.
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.