Foodico targets EGP 80.9M net sales in 2023

Updated 1/2/2023 12:23:00 PM
Foodico targets EGP 80.9M net sales in 2023

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.