Obour Land records EGP 350.7M consolidated profit in 2021
Updated 1/30/2022 12:20:46 PM
ArabFinance: Obour Land for Food Industries (OLFI) posted a consolidated net profit attributable to the parent of EGP 350.68 million for the full-year ended December 31st 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
This marks an increase from the recorded net profit of EGP 310.36 million for the year ended December 31st 2020.
Consolidated sales amounted to EGP 3.006 billion in 2021, up from EGP 2.73 billion in 2020.
As for the company’s standalone financial statement, standalone net profit stood at EGP 350.78 million in 2021, up from a profit of EGP 310.41 million.
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.
