Abu Dhabi – Mubasher: Foodco Holding Company’s profits grew in the first quarter of fiscal 2016 by 4.2% year-on-year.
Net profit reached AED 33.24 million ($9.05 million) in Q1-16, versus AED 31.89 million ($8.7 million) in Q1-15, according to a bourse filing released on Sunday.
Total sales increased in the first three months of 2016 by 3.7% to AED 86.66 million from AED 83.53 million in the period of 2015.
Foodco earlier posted a net profit of AED 50.89 million in 2015, rising 19.7% from AED 42.5 million in 2014.
