Arab Finance:  Obour Land for Food Industries (OLFI) reported a 31.85% year-on-year (YoY) growth in consolidated net profits after tax and non-controlling interests for 2022, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on January 29^th.

Consolidated net profits attributable to the parent company amounted to EGP 462.39 million in 2022, compared to a profit of EGP 350.62 million in 2021.

Meanwhile, consolidated sales grew to EGP 4.56 billion last year from EGP 3 billion in 2021.

At the level of the standalone financial statement, the company recorded a standalone net profit after tax of EGP 462.69 million in 2022, up from EGP 350.79 million in 2021.

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