Cairo – Mubasher: Obour Land for Food Industries reported consolidated net profits of EGP 69.79 million in the first quarter (Q1) of 2021, up by 2.5% year-on-year (YoY) from EGP 68.05 million, including minority shareholders’ rights.

The sales increased to EGP 663.72 million in the January-March period, compared to EGP 582.83 million in the corresponding period in 2020, the company said in a bourse disclosure on Thursday.

As for standalone business, the company registered net profits of EGP 69.81 million in Q1-21, up from EGP 68.08 million in Q1-20.

During 2020, the company's net profits grew to EGP 310.36 million, compared to EGP 295.28 million in 2019.