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Obour Land profits rise 33% in 9M

Obour Land profits rise 33% in 9M
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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 between January and September 2018.

Sales grew to EGP 1.9 billion during the nine-month period, from EGP 1.7 billion in the same period last year.

In terms of independent results, profits recorded EGP 240.16 million, compared with EGP 180.2 million for the same period last year.