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 of three years, according to a bourse disclosure on Tuesday.

The dairy producer achieved net profits of EGP 140.05 million in the first half (H1) of 2020, up from EGP 127.26 million in the year-ago period, including minority shareholders’ rights.

Sales rose to EGP 1.248 billion in the January-June period from EGP 1.187 billion in H1-19.