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August 31, 2015 10:38 AM ET

Food and Staples Retailing

Company Overview of Foodco Holding - P.J.S.C.

Company Overview

Foodco Holding - P.J.S.C. primarily imports and distributes foodstuff and household items in the United Arab Emirates. The company is also involved in the packing, repacking, wholesale, import, export, distribution, and sale of food products; and the operation of Figaro’s Pizza restaurant business, as well as provision of catering services. In addition, it invests in, develops, and manages real estate and commercial enterprises. The company was founded in 1979 and is based in Abu Dhabi, the United Arab Emirates.

Port Zayed

Mina

PO Box 2378

Abu Dhabi,  

United Arab Emirates

Founded in 1979

Phone:

971 2 673 1000

Fax:

971 2 673 2100

Key Executives for Foodco Holding - P.J.S.C.

Foodco Holding - P.J.S.C. does not have any Key Executives recorded.

Foodco Holding - P.J.S.C. Key Developments

Foodco Holding - P.J.S.C. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Impairment Losses

Foodco Holding - P.J.S.C. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenue was AED 71,361,852 against AED 60,251,809 a year ago. Profit for the period attributable to equity owners of the parent was AED 9,989,199 against AED 4,480,631 a year ago. Basic and diluted earnings per share were AED 0.10 against AED 0.04 a year ago. For the six months, revenue was AED 154,884,952 against AED 119,716,638 a year ago. Profit for the period attributable to equity owners of the parent was AED 42,324,402 against AED 30,970,671 a year ago. Basic and diluted earnings per share were AED 0.42 against AED 0.31 a year ago. Net cash used in operating activities was AED 14,323,722 against AED 5,920,763 a year ago. Acquisition of property, plant and equipment was AED 487,145 against AED 1,286,989 a year ago. For the quarter, the company reported impairment losses on investment properties of AED 1,000,000.

Foodco Holding Co - P.J.S.C Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Foodco Holding Co - P.J.S.C announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of AED 83,531,165 compared to AED 59,464,829 a year ago. Profit attributable to equity owners of the parent was AED 32,335,202 or AED 0.32 per basic and diluted share compared to AED 26,490,040 or AED 0.26 per basic and diluted share a year ago. As at March 31, 2015, the company's book value per share was AED 5.33. Net cash from operating activities was AED 31,424,135 against AED 39,876,974 last year. Acquisition of property, plant and equipment was AED 95,174 against AED 62,180 last year.

Foodco Holding Co - P.J.S.C Approves Amendment of Articles

Foodco Holding Co - P.J.S.C approved amendment of Article (5) of MOA and Article (4) of AOA at its EGM held on April 06, 2015.

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