Obour Land for Food Industries posts EGP 255.18M consolidated profit in 9 months
Updated 11/2/2021 12:20:00 PM
ArabFinance: Obour Land for Food Industries (OLFI) posted a consolidated net profit attributable to the parent company of EGP 255.18 million in the January-September period of 2021, compared to a profit of EGP 239.50 million in the year-ago period, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
Consolidated sales amounted to EGP 2.12 billion in the nine-month period ended September 30th, 2021, increasing from EGP 2.04 billion in the same period of 2020.
Earning per share stood at EGP 0.58 in the first nine months of 2021, compared to EPS of EGP 0.54 in the year-ago period.
In the third quarter (Q3) of 2021, the company’s net profit attributable to the parent grew to EGP 111.20 million from EGP 99.44 million in Q3 2020.
Meanwhile, the company’s standalone net profit rose to EGP 255.24 million in the first nine months of 2021 from EGP 239.53 million in the same period of 2020.
It is worth noting that Obour Land for Food Industries previously 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.
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.
