Foodico turns profitable
Updated 2/28/2021 1:30:00 PM
ArabFinance: Ismailia National Food Industries (Foodico) (INFI) achieved a net profit of EGP 11.64 million in 2020, versus a net loss of EGP 3.06 million in 2019, according to the company’s filing to the Egyptian Exchange on February 28th.
In 2020, the company targeted posting a net profit of EGP 11.75 million.
The listed company posted a net profit of EGP 13.72 million in the first nine months of 2020.
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.
