Cairo – Mubasher: Obour Land for Food Industries recorded consolidated net profits of EGP 255.18 million in the first nine months of 2021, up by 6.5% year-on-year (YoY) from EGP 239.5 million, including minority shareholders' rights.

The sales increased to EGP 2.1 billion in the nine-month period ended 30 September from EGP 2.04 billion in the prior-year period, the company said in a bourse disclosure on Tuesday. 

As for standalone business, the company logged net profits of EGP 255.24 million in the January-September period, compared to EGP 239.5 million in the same period in 2020. 

In the first half (H1) of 2021, the company posted consolidated net profits of EGP 143.98 million, up from EGP 140.05 million in H1-20, including minority shareholders' rights.