Foodico’s net profit jumps 387.8% YoY in H1
Updated 7/31/2022 2:05:57 PM
Arab Finance: Ismailia National Food Industries (Foodico) (INFI) reported a 387.7% year-on-year (YoY) growth in net profit for the first half (H1) of 2022, according to the company’s unaudited financial statement filed to the Egyptian Exchange (EGX) on July 31st.
The company recorded a net profit after tax of EGP 8.42 million in H1 2022, compared to EGP 1.72 in H1 2021.
Moreover, Foodico generated net sales of EGP 48.12 million in the first six months of 2022, up from EGP 27.87 million in the corresponding period last year.
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.
