Ismailia National Food Industries (Foodico) reported its 2014 financial statement registering a net profit of EGP 281.500 ($36.900) as opposed to a net loss of EGP 1.2 million ($157,000) for the previous year.
Foodico posted EGP 656.300 net profit in the nine months ended on December 2014 opposite EGP 769,400 in losses for the same period of the previous year.
Foodico is capitalised at EGP 90 million, divided into 9 million shares at EGP 10 par value each.
