Foodico achieves 82% profit leap

Updated 7/18/2021 2:32:00 PM

ArabFinanceIsmailia National Food Industries (Foodico(INFI) posted a net profit of EGP 1.460 million in half one (H1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 82% when compared to EGP 803,160 in H1 2020.

Foodico announced that its chairman Helmy Omran passed away on April 30th.

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.