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Obour Land logs EGP 310m profit in 2020

Obour Land logs EGP 310m profit in 2020
The company’s sales increased to EGP 2.74 billion last year

Cairo – Mubasher: The consolidated financial statements of Obour Land for Food Industries showed net profits of EGP 310.36 million in 2020, up by 5% year-on-year (YoY) from EGP 295.28 million.

The company’s sales increased to EGP 2.74 billion last year from EGP 2.59 billion in 2019, according to a bourse disclosure on Thursday.

As for standalone business, the company reported net profits of EGP 310.41 million in 2020, up from EGP 294.83 million a year earlier.

During the first nine months of 2020, Obour Land for Food Industries achieved net profits of EGP 239.5 million, slightly down from EGP 240.58 million in the same period a year earlier.