Foodico shares rose 4.3% on the Egyptian Stock Exchange, its highest price since listing

The shares of the National Ismailia Food Industries Company, known as Foodico, listed and traded on the Egyptian Stock Exchange, rose in mid-day trading on Monday, recording its highest price since listing.

The stock rose by 4.37%, trading at a price of 87 pounds per share, while trading at that time included 1,579 thousand trading transactions, over 471,215 thousand shares, with a trading value of 42.8 million pounds.

The highest share price at that time was 98 pounds, while the lowest price was 85.1 pounds.

The “Ismailia National Food Industries” Company recorded a growth in profits of 294% on an annual basis, recording a net profit of 78.13 million pounds, during the first 9 months of last year 2024, while the company’s net profits amounted to about 19.79 million, during the period. Same as the previous year 2023.

The company recorded profits of 63.29 million pounds during the first 6 months of last year, 2024, compared to 14.46 million pounds during the same period of the previous year, 2023.

Foodico achieved sales of 236.28 million pounds during the first 9 months of last year 2024, compared to 106.14 million pounds during the same period of the previous year 2023.