Arab Finance: Ismailia National Food Industries (Foodico) recorded a 46.77% year-on-year (YoY) decline in net profit after tax in the first half (H1) of 2026, achieving EGP 30.864 million, compared to EGP 57.994 million, according to the financial results.
Earnings per share (EPS) shrank to EGP 1.51 at the end of June 2026 from EGP 3.99 a year earlier.
Net sales hit EGP 199.541 million in H1 2026, down from EGP 227.894 million in the same six-month period a year ago.
Last year, Foodico registered a 25.30% plunge in net profit to EGP 71.246 million, compared to EGP 95.387 million at the end of December 2024.