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March 31, 2015 11:43 PM ET

Food and Staples Retailing

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

Company Overview

Foodco Holding Co - P.J.S.C. 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 formerly known as Abu Dhabi National Foodstuff Company - P.J.S.C. and changed its name to Foodco Holding Co - P.J.S.C. in 2006. Foodco Holding Co - P.J.S.C. 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 Co - P.J.S.C

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

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

Foodco Holding P.J.S.C. Announces Consolidated Earnings Results for the Year Ended December 31, 2014

Foodco Holding P.J.S.C. announced consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of AED 151,428,853 against AED 98,408,128 a year ago. Profit for the year attributable to equity owners of the company was AED 42,505,150 or AED 0.43 per basic and diluted share against AED 35,071,649 or AED 0.35 per basic and diluted share a year ago. Profit for the year was AED 40,121,103 against AED 32,558,084 a year ago.

Foodco Holding P.J.S.C. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Foodco Holding P.J.S.C. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the nine months, the company reported revenue of AED 111.8 million against AED 74.4 million a year ago. Net operating rental income was AED 22.3 million against AED 18.3 million a year ago. Profit attributable to equity owners of the company was AED 54.3 million or AED 0.54 per basic and diluted share against AED 24.6 million or AED 0.25 per basic and diluted share a year ago. Net cash used in operating activities was AED 36.8 million compared to net cash from operating activities of AED 2.0 million a year ago. Acquisition of property, plant and equipment was AED 2 million against AED 1.9 million a year ago. Payments for investment properties under development were AED 1.0 million against AED 32.3 million a year ago. Book value per share was AED 5.33. For the quarter, the company reported revenue of AED 34.3 million against AED 19.1 million a year ago. Net operating rental income was AED 7.7 million against AED 6.6 million a year ago. Profit attributable to equity owners of the company was AED 23.3 million or AED 0.23 per basic and diluted share against AED 7.5 million or AED 0.08 per basic and diluted share a year ago.

Foodco Holding P.J.S.C. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Foodco Holding P.J.S.C. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the six months, the company's revenue was AED 77.5 million against AED 55.3 million a year ago. Operating rental income - net was AED 14.7 million against AED 11.6 million a year ago. Profit attributable to equity owners of the parent was AED 31 million or AED 0.30 per basic and diluted share against AED 17.0 million or AED 0.17 per basic and diluted share a year ago. Net cash used in operating activities was AED 5.9 million against net cash from operating activities of AED 3.7 million a year ago. Acquisition of property, plant and equipment was AED 1.3 million against AED 1.5 million a year ago. For the quarter, the company's revenue was AED 41.8 million against AED 22.5 million a year ago. Operating rental income - net was AED 8.4 million against AED 3.4 million a year ago. Profit attributable to equity owners of the parent was AED 4.5 million or AED 0.042 per basic and diluted share against AED 10.3 million or AED 0.10 per basic and diluted share a year ago.

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