Foodco turns profitable in Q4-15

Abu Dhabi-Mubasher: Foodco Holding posted net profits worth AED 21.89 million ($5.96 million) in the fourth quarter of 2015, against net losses of AED 10 million ($2.7 million) in the corresponding period of 2014, according to a bourse filing on Thursday.

Net profits grew 19.7% to AED 50.89 million in the fiscal year 2015, compared to AED 42.5 million in the fiscal year 2014.

Mubasher Contribution Time: 04-Feb-2016 06:23 (GMT)