ArabFinance: Ismailia National Food Industries (Foodico) (INFI) posted a net profit of EGP 803,160 in the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange.
In H1 of 2019, the company incurred a net profit of EGP 8,355,793.
Ismailia Governorate earlier rejected converting any part of Foodico’s land to be used for residential purposes.
Foodico is an Egypt-based public shareholding company engaged in the food industry. The company exports its products to UAE, Europe, US, Canada, and Australia.