Mubasher TV
Contact Us Advertising   العربية

Foodco turns profitable in Q4-15

Foodco turns profitable in Q4-15
Photo Credit: Arabianeye-Reuters
Hily
HH
2.08% 2.45 0.05

Abu Dhabi-Mubasher: Foodco Holding posted net profits worth AED 21.89 million ($5.96 million) in the fourth quarter of 2015, against net losses of AED 10 million ($2.7 million) in the corresponding period of 2014, according to a bourse filing on Thursday.

Net profits grew 19.7% to AED 50.89 million in the fiscal year 2015, compared to AED 42.5 million in the fiscal year 2014.