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Foodco H1 sales up 40%
- United Arab Emirates: Wednesday, August 02 - 2006 at 08:10
Abu Dhabi-based Foodco Holdings posted H1 2006 profits of $2.59m, on a 39.8% increase in sales to $17.35m compared to H1 2005. The company said sales were boosted by the introduction of new food lines during the first six months. But income from investments declined by $11m to $14.57m, and earnings per share fell by 45% to Dhs0.58.
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James McInerney, News EditorWednesday, August 02 - 2006 at 08:10 UAE local time (GMT+4)
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