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Foodico profits up 75% in Q1

Foodico profits up 75% in Q1
(Photo credit: Arabianeye - Reuters)
Foodico
INFI
-1.99% 45.80 -0.93

Cairo - Mubasher: Ismailia National Food Industries’ (Foodico) profits for the first quarter of 2017 rose 75% to EGP 2.8 million, compared to EGP 1.6 million in Q1-16.

Revenues increased in Q1-16 by 11% to EGP 22.9 million, versus EGP 20.7 million for Q1-15, according to a bourse statement released on Thursday.