Arab Finance: Obour Land for Food Industries’ (OLFI) consolidated net profits attributable to the parent company climbed 99.4% year on year (YoY) to EGP 422.951 million in the first half (H1) of 2024, compared to EGP 212.097 million, as per a disclosure.

Sales came in at EGP 3.834 billion in the six months ended June 30^th this year, compared to EGP 2.956 billion in the corresponding period last year.

As for the standalone finances, the company garnered net profits after tax of EGP 424.269 million in H1 2024, up from EGP 212.486 million in H1 2023.

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.

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