Foodco revenue up15.41pc

DUBAI — Foodco Holding PJSC earned Dh117,240,000 in gross revenue in 2006 up 15.41 per cent on the previous year according to its annual report released yesterday.

By (Staff Report)

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Published: Thu 8 Feb 2007, 8:33 AM

Last updated: Sat 4 Apr 2015, 9:52 PM

Other reported highlights for the year were the establishment of Foodco Bahrain in the first quarter, as a step forward in its expansion plans around the Gulf; and the progress made by new subsidiary Sense Gourmet PJSC in completing its establishment procedures.

Foodco Holding Managing Director, Ahmed bin Ali Khalfan Al Dhahery, said Sense Gourmet will start its first project this year, with the rollout of the Figaro's Pizza chain across the Gulf.

While the company's assets and shareholder equity increased over the year, profit and earnings per share figures fell, reflecting increased investment made to enable the company to expand its operations, and inflationary costs.



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