Egypt: Foodico’s net profit soars 145.96% YoY in H1

Amr Abdallah Dalsh

Foodico is an Egypt-based public shareholding company engaged in the food industry

Staff Writer, Arab Finance

August 10, 2023

PHOTO

Ismailia National Food Industries (Foodico) reported a 145.96% year-on-year (YoY) surge in net profit for the first half (H1) of 2023, according to the company’s financial results filed to the Egyptian Exchange (EGX) on August 10th.

The company recorded a net profit after tax of EGP 14.463 million in H1 2023, compared to EGP 5.880 million in H1 2022.

Moreover, Foodico generated net sales of EGP 71.397 million in the first six months of 2023, up from EGP 47.615 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.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO