Abu Dhabi – Mubasher: Foodco Holding said its shareholders gave the go-ahead to 15% dividends, or 15 fils per share, for fiscal year 2016, according to a bourse statement.

Total approved dividends amount to AED 15 million for FY16.

Foodco achieved net profits of AED 20.18 million in the fourth quarter of 2016, down 23.5% from AED 26.37 million in the same period of 2015. Net profits reached AED 57.13 million in 2016, up 3.3% from AED 55.31 million.