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’ rights.

The Egyptian firm’s sales amounted to EGP 1.248 billion in the January-June period, up from EGP 1.187 billion in the prior-year period, according to a bourse disclosure on Tuesday.

As for standalone business, Obour Land’s net profits increased to EGP 140.05 million in H1-20 from EGP 126.85 million in H1-19.

During the first quarter (Q1) of 2020, the company reported net profits of EGP 68.05 million, up from EGP 53 million in the corresponding period a year earlier, including minority shareholders’ rights.