Obour Land for Food Industries (OLFI)

Cairo – Mubasher: Obour Land for Food Industries posted year-on-year (YoY) higher consolidated net profits at EGP 422.91 million in the first half (H1) of 2024, versus EGP 212.08 million, according to the financial statements. Basic and diluted …

Cairo – Mubasher: Obour Land for Food Industries plans to inject investments to expand dairy production capacity and establish a new processed cheese factory at a value of EGP 350 million. The company also aims to develop a livestock farm to raise …

Cairo – Mubasher: Obour Land for Food Industries generated EGP 157.02 million in consolidated net profit after tax during the first quarter (Q1) of 2024, versus EGP 115.16 million in Q1-23. The sales hit EGP 1.74 billion in Q1-24, up year-on-year …

Cairo – Mubasher: Obour Land for Food Industries has announced the distribution of EGP 0.95 per share in cash dividends for the year 2023. Dividends will be paid on 9 May 2024 to whoever holds the share until 2 May, according to a bourse filing. …

Cairo – Mubasher: Obour Land for Food Industries logged consolidated net profits valued at EGP 470.68 million in 2023, an annual growth from EGP 462.38 million, including non-controlling interest. Basic and diluted earnings per share (EPS) hit EGP …

Cairo – Mubasher: The board of Obour Land for Food Industries decided to disburse cash dividends to shareholders worth EGP 380 million for 2022. Eligible shareholders will receive a dividend of EGP 0.95 per share, according to a recent bourse …

Cairo – Mubasher: Obour Land for Food Industries stated that it did not receive any offers for partial or full acquisition of its shares, according to a bourse disclosure on Sunday. The Egyptian firm made the statement in line with news reporting …

Cairo – Mubasher: Obour Land for Food Industries posted growth in the consolidated net profits to EGP 350.68 million in 2021 from EGP 310.36 million in 2020. The company's revenues increased by 10% to EGP 3 billion in 2021, compared to EGP 2.74 …

Cairo – Mubasher: Obour Land for Food Industries recorded consolidated net profits of EGP 255.18 million in the first nine months of 2021, up by 6.5% year-on-year (YoY) from EGP 239.5 million, including minority shareholders' rights. The sales …

Cairo – Mubasher: Ashraf Mohamed Hamed Sherif, a shareholder and Deputy Chairman of Obour Land for Food Industries, has raised his stake in the company to 15.49% from 14.99%. The shareholder purchased 2 million shares for EGP 10.2 million, …

Cairo – Mubasher: Obour Land for Food Industries has obtained some of the final licences related to Obour Farm and the remaining licences will be obtained this year.  The construction works have already started as the farm is forecast to begin …

Cairo - Mubasher: Obour Land for Food Industries logged consolidated net profits of EGP 143.98 million in the first half (H1) of 2021, up by 2.8% year-on-year (YoY) from EGP 140.05 million, including minority shareholders' rights.  The sales …

Cairo – Mubasher: Obour Land for Food Industries reported consolidated net profits of EGP 69.79 million in the first quarter (Q1) of 2021, up by 2.5% year-on-year (YoY) from EGP 68.05 million, including minority shareholders’ rights. The sales …

Cairo – Mubasher: The ordinary general meeting (OGM) Obour Land for Food Industries has approved a cash dividend distribution of EGP 240 million for 2020. The cash dividend distribution represents 60 piasters per share, according to a bourse …

Cairo – Mubasher: The consolidated financial statements of Obour Land for Food Industries showed net profits of EGP 310.36 million in 2020, up by 5% year-on-year (YoY) from EGP 295.28 million. The company’s sales increased to EGP 2.74 billion last …

Cairo – Mubasher: Obour Land for Food Industries reported consolidated net profits of EGP 239.5 million during the first nine months of 2020, slightly down from EGP 240.58 million in the same period a year earlier. The company’s sales rose to EGP …

Cairo – Mubasher: Obour Land for Food Industries is looking to generate total revenues of EGP 2.7 billion in 2020. The company is also targeting EGP 3 billion in sales of the newly-launched packaged processed cheese and milk product over a period …

Cairo – Mubasher: The consolidated financial statements of Obour Land for Food Industries showed a 10% year-on-year (YoY) profit growth to EGP 140.05 million in the first half (H1) of 2020 from EGP 127.26 million, including minority shareholders’ …

Cairo – Mubasher: Obour Land for Food Industries reported a 28.3% year-on-year (YoY) rise in its net profits during the first quarter of 2020, the company’s consolidated financial statements showed. The company’s net profits reached EGP 68.05 …

Cairo – Mubasher: The ordinary general meeting (OGM) of Obour Land for Food Industries approved a proposal to distribute EGP 0.50 per share as cash dividends for 2019. Shareholders agreed to distribute a total of EGP 200 million for last year’s …

Cairo – Mubasher: Obour Land for Food Industries posted a 24% year-on-year profit growth during 2019, the company’s consolidated financial statements showed. The company’s net profits hiked to EGP 295.28 million last year, compared to EGP 238 …

Cairo – Mubasher: Obour Land for Food Industries aims to increase its exports to $5 million per year over the coming three years, with special focus on juice product.   This plan is part of the company’s efforts to expand in African countries, the …

By: Islam Fadl Cairo – Mubasher: Obour Land for Food Industries plans to build a dairy farm over an area of 44 feddans in Belbeis with investments worth EGP 255 million, the company’s vice chairman and CEO Ashraf Hamed said. The food manufacturer …

Cairo – Mubasher: Obour Land for Food Industries plans to pump over EGP 200 million worth of investments during fiscal year 2019/2020 to develop the firm’s factories. The food and beverage company invested near EGP 600 million during the past four …

Cairo – Mubasher: The consolidated financial statements of Obour Land for Food Industries (OLFI) showed a growth in profits by 33% during the first nine months of the year. Profits reached EGP 240.58 million, compared with EGP 180.2 million …