Cairo - Mubasher: Ismailia National Food Industries (Foodico) turned to profits in the third quarter of 2016.

The company posted net profits of EGP 1.55 million in the third quarter of 2016, against losses of EGP 2.23 million a year earlier.

As for the first nine months of 2016, the company posted net profits of EGP 3.5 million against EGP 4.2 million for the same period of the previous year.