INFI eyes 25% rise in sales by year-end

The Ismailia National Company for Food Industries (INFL) aims to increase its sales by 25% to stand at 125m EGP by the end of the current fiscal year, compared to 100m EGP a year earlier, said Ahmed el-Nemr, the company’s general director.

El-Nemr said that the targeted increase in sales comes in line with the company’s expansion into new markets, including Lebanon, Qatar, Saudi Arabia, and East Africa.

The company’s revenues from overseas markets account for 8 to 10% of the total revenues and are planned to reach 40% in the coming two years, according to El-Nemr.

“We are working hard to develop the production lines at the factory at a total cost of EGP 17.5m in order to enhance production efficiency,” he added.