Mubasher TV
Contact Us Advertising   العربية

Foodico turns profitable in 2016

Foodico turns profitable in 2016
(Photo credit: Arabianeye - Reuters)
Foodico
INFI
0.00% 51.56 0.00

Cairo - Mubasher: Ismailia National Food Industries’ (Foodico) financial statements for fiscal year 2016 showed a net profit of EGP 4.16 million, versus a net loss of EGP 40.53 million for FY15.

Foreign exchange earnings reached EGP 828,000, resulting from an increase of 2% or EGP 1.456 million in net sales, according to a bourse filing.

The stock was last traded at EGP 7.60.