ArabFinance: Obour Land for Food Industries posted a consolidated net profit before minority interest of EGP 69.794 million in quarter one (Q1) 2021 compared to EGP 68.058 million in Q1 2020, according to the company’s May 27th financial statements filed to the Egyptian Exchange.
Standalone net profit reached EGP 69.812 million in Q1 2021, compared to EGP 68.084 million posted in the prior-year period.
Obour Land intends to increase its sales to EGP 2.75 billion at the end of 2020, the company’s Director of Investor Relations Ramy el Ghazaly said.
Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing and packaging of white cheese.
