Food Holding jumps in annual profits by 457% to 332.5 million dirhams

Abu Dhabi: «Gulf»

Food Holding Company (Ze Stores – previously) achieved strong growth in profits for the fiscal year 2022, with net profits for the period amounting to 332.5 million dirhams, a growth of 456.9%, compared to 59.71 million dirhams in 2021. Food Holding revenues amounted to 2.28 billion dirhams, a growth of 317.8%. Compared to 545.62 million dirhams in 2021.

General and administrative expenses amounted to 192.59 million dirhams, compared to 34.94 million dirhams for the same period in 2021. Income from investments listed at fair value through profit and loss amounted to 66.99 million dirhams, compared to 31.94 million dirhams for the same period in 2021.