Foodico posts profit drop in 9 months
Updated 10/17/2021 11:29:35 AM
ArabFinance: Ismailia National Food Industries (Foodico) (INFI) has recorded a net profit of EGP 1.508 million during the period from January 1st until September 30th, 2021, declining from EGP 13.72 million in the year-ago period, according to the company’s unaudited financial results filed to the Egyptian Exchange (EGX).
The company has generated net sales of EGP 45.49 million in the first nine months of 2021, up from EGP 37.38 million in the same period of 2020.
Earnings per share (EPS) amounted to EGP 0.11 in the January-September period of 2021, compared to EPS of EGP 1.24 in the prior-year period.
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.
