Foodco Holding reports 91.5% increase in net profit

Third quarter profits reach Dh24.3m

29/10/2014 18:40 AST

Foodco Holding reported on Wednesday a 91.5 per cent increase in net profit for the third quarter of this year to reach Dh24.3 million - up from Dh12.7 million in the same quarter last year.

Meanwhile, sales increased 50 per cent during the quarter to reach Dh111.8 million - up from Dh74.4 million in the third quarter of 2013.

In a statement released on the DFM website, the company reported a 22.2 per cent increase in revenue from property investments in third quarter, going up from Dh18.2 million in the third quarter of 2013 to Dh22.3 million in the third quarter of 2014.


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