Abu Dhabi - Mubasher: Foodco Holding Company has reported a rise in profits for the first quarter of 2017 by 27.40 year-on-year, according to a bourse filing.
The company said in a statement to the Abu Dhabi Securities Exchange (ADX) on Monday that profits totalled AED 42.35 million ($11.53 million) in Q1-17 compared to AED 33.24 million ($9.05 million) in Q1-16.
Revenues also surged 25% to AED 107.02 million from AED 85.71 million in the same period last year.
