Obour Land for Food Industries posts EGP 143.98M profit in H1
Updated 8/11/2021 10:29:40 AM
ArabFinance: Obour Land for Food Industries (OLFI) reported a consolidated net profit of EGP 143.98 million for the first half (H1) of 2021, up from EGP 140.05 million in H1 2020, according to the company’s consolidated financial statement to the Egyptian Exchange (EGX).
Sales of the Egyptian leading food manufacturing company amounted to EGP 1.30 billion in the six-month period ended June 30th, compared to sales of EGP 1.24 billion in the year-ago period.
As per the standalone statement, the company achieved a net profit of EGP 144.01 million in H1 2021, compared to EGP 140.05 million in the same period of 2020.
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.
