Foodico’s profits surge 618.9% YoY in 9 months
Updated 11/13/2022 1:45:02 PM
Arab Finance: Ismailia National Food Industries (Foodico) (INFI) reported a 618.99% year-on-year (YoY) surge in net profit for the first nine months of 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on November 13th.
The company recorded a net profit after tax of EGP 11.17 million in the nine months ended September 30th, compared to EGP 1.55 million in the same period last year.
Net sales amounted to EGP 73.28 million in the first nine months of 2022, up from EGP 45.49 million in the corresponding period of 2021.
Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, the US, Canada, and Australia.
