Cairo – Mubasher: Obour Land for Food Industries expected an 11% growth in sales by the end of this year to record EGP 2.5 billion.

The Egyptian cheese producer is seeking to expand its export market to Libya, Obour Land said in a filing to the Egyptian Exchange (EGX) on Tuesday.

On Sunday, Obour Land reported a 50.17% year-on-year surge in standalone profits for 2017, generating profits worth EGP 243.26 million, up from EGP 161.99 million in profits in 2016.

Revenues grew to EGP 2.06 billion in 2017, compared to EGP 1.45 billion a year earlier.