Foodico achieves over EGP 13M profit
Updated 11/18/2020 11:28:00 AM
ArabFinance: Ismailia National Food Industries (Foodico) posted a net profit of EGP 13,723,225 in the first nine months of 2020, according to the company’s November 15th statement filed to the Egyptian Exchange.
In the January-September period of 2019, the company incurred a net loss of EGP 7,545,500.
The new figures come after auditing Foodico's financial results, the statement highlighted.
The company earlier reported a net profit of EGP 9,571,538 for January-September 2020.
Kamar Holding for Financial Investments increased in October its stake in Foodico from 1.10% to 9.98%.
Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, US, Canada, and Australia.
