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 2.04 billion from January to September, compared to EGP 1.9 billion in the year-ago period, according to a bourse disclosure on Sunday.

The standalone financial results recorded net profits of EGP 239.53 million in the nine-month period ended 30 September, compared to EGP 240.17 million in the corresponding period in 2019.

During the first half (H1) of 2020, Obour Land achieved net profits of EGP 140.05 million, up from EGP 127.26 million in H1-19, including minority shareholders’ rights.