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Obour Land's profit inches up in H1-21

Obour Land's profit inches up in H1-21
The sales increased to EGP 1.3 billion in the January-June period

Cairo - MubasherObour Land for Food Industries logged consolidated net profits of EGP 143.98 million in the first half (H1) of 2021, up by 2.8% year-on-year (YoY) from EGP 140.05 million, including minority shareholders' rights. 

The sales increased to EGP 1.3 billion in the January-June period, compared to EGP 1.2 billion in the same period in 2020, the company said in a bourse disclosure on Wednesday. 

Meanwhile, the company's standalone net profits grew to EGP 144 million in H1-21 from EGP 140 million in H1-20. 

In the first quarter (Q1) of 2021, Obour Land posted net profits of EGP 69.79 million, up from EGP 68.05 million in Q1-20, including minority shareholders’ rights.