Obour Land for Food Industries (OLFI)

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News

20 January 04:32 PM Obour Land stock breaks through historical resistance barrier, settles at record levels – Analysis

Cairo – Mubasher: Technical movements signaled by Mubasher Trade Research indicated that the stock of Obour Land for Food Industries is moving in a strong upward direction, as the price has currently reached a historical peak at EGP 26.50, …

Stock Evaluations

15 October 2024 09:27 AM Obour Land records over EGP 721.5m consolidated profits in 9M-24

Cairo – Mubasher: The consolidated net profits after tax of Obour Land for Food Industries stood at EGP 721.63 million in the first nine months (9M) of 2024, versus EGP 307.66 million. The company reported sales amounting to EGP 6.67 billion as of …

Financial Results

22 July 2024 02:06 PM Obour Land’s consolidated profits leap in H1-24; sales exceed EGP 3.8bn

Cairo – Mubasher: Obour Land for Food Industries posted year-on-year (YoY) higher consolidated net profits at EGP 422.91 million in the first half (H1) of 2024, versus EGP 212.08 million, according to the financial statements. Basic and diluted …

Financial Results

26 June 2024 11:41 AM Obour Land rolls out investments, expansion plans for 2024

Cairo – Mubasher: Obour Land for Food Industries plans to inject investments to expand dairy production capacity and establish a new processed cheese factory at a value of EGP 350 million. The company also aims to develop a livestock farm to raise …

Companies Investments

27 May 2024 09:51 AM Obour Land achieves EGP 157m consolidated profits in Q1-24

Cairo – Mubasher: Obour Land for Food Industries generated EGP 157.02 million in consolidated net profit after tax during the first quarter (Q1) of 2024, versus EGP 115.16 million in Q1-23. The sales hit EGP 1.74 billion in Q1-24, up year-on-year …

Financial Results

21 April 2024 03:40 PM Obour Land to distribute EGP 0.94/shr dividends in May

Cairo – Mubasher: Obour Land for Food Industries has announced the distribution of EGP 0.95 per share in cash dividends for the year 2023. Dividends will be paid on 9 May 2024 to whoever holds the share until 2 May, according to a bourse filing. …

Cash Dividends

6 March 2024 11:34 AM Obour Land sees higher profits in 2023; revenues hit EGP 7.2bn

Cairo – Mubasher: Obour Land for Food Industries logged consolidated net profits valued at EGP 470.68 million in 2023, an annual growth from EGP 462.38 million, including non-controlling interest. Basic and diluted earnings per share (EPS) hit EGP …

Financial Results

30 January 2023 09:59 AM Obour Land to pay EGP 380m dividends for 2022

Cairo – Mubasher: The board of Obour Land for Food Industries decided to disburse cash dividends to shareholders worth EGP 380 million for 2022. Eligible shareholders will receive a dividend of EGP 0.95 per share, according to a recent bourse …

Cash Dividends

24 July 2022 03:39 PM Obour Land denies receiving acquisition offer

Cairo – Mubasher: Obour Land for Food Industries stated that it did not receive any offers for partial or full acquisition of its shares, according to a bourse disclosure on Sunday. The Egyptian firm made the statement in line with news reporting …

Mergers and Acquisitions

30 January 2022 00:13 PM Obour Land records EGP 351m profits in 2021; dividends proposed

Cairo – Mubasher: Obour Land for Food Industries posted growth in the consolidated net profits to EGP 350.68 million in 2021 from EGP 310.36 million in 2020. The company's revenues increased by 10% to EGP 3 billion in 2021, compared to EGP 2.74 …

Financial Results

2 November 2021 11:33 AM Obour Land logs EGP 255m profit in nine months

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 …

Financial Results

13 October 2021 05:13 PM Deputy Chairman ups stake in Obour Land for EGP 10m

Cairo – Mubasher: Ashraf Mohamed Hamed Sherif, a shareholder and Deputy Chairman of Obour Land for Food Industries, has raised his stake in the company to 15.49% from 14.99%. The shareholder purchased 2 million shares for EGP 10.2 million, …

Trading Activities

4 October 2021 05:44 PM Obour Land reveals updates on EGP 255m Obour Farm

Cairo – Mubasher: Obour Land for Food Industries has obtained some of the final licences related to Obour Farm and the remaining licences will be obtained this year.  The construction works have already started as the farm is forecast to begin …

Companies Investments

11 August 2021 02:18 PM Obour Land's profit inches up in H1-21

Cairo - Mubasher: Obour 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 …

Financial Results

27 May 2021 10:55 AM Obour Land's profit inches up in Q1-21

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 …

Financial Results

24 February 2021 04:22 PM Obour Land's OGM nods to EGP 240m dividends for 2020

Cairo – Mubasher: The ordinary general meeting (OGM) Obour Land for Food Industries has approved a cash dividend distribution of EGP 240 million for 2020. The cash dividend distribution represents 60 piasters per share, according to a bourse …

Cash Dividends

21 January 2021 11:56 AM Obour Land logs EGP 310m profit in 2020

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 …

Financial Results

15 November 2020 02:14 PM Obour Land's profit edges down in 9M

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 …

Financial Results

13 October 2020 06:01 PM Obour Land targets EGP 2.7bn revenue in 2020

Cairo – Mubasher: Obour Land for Food Industries is looking to generate total revenues of EGP 2.7 billion in 2020. The company is also targeting EGP 3 billion in sales of the newly-launched packaged processed cheese and milk product over a period …

Company News

11 August 2020 01:49 PM Obour Land's profit up 10% in H1-20

Cairo – Mubasher: The consolidated financial statements of Obour Land for Food Industries showed a 10% year-on-year (YoY) profit growth to EGP 140.05 million in the first half (H1) of 2020 from EGP 127.26 million, including minority shareholders’ …

Financial Results

16 April 2020 11:25 AM Obour Land’s profit grows 28% in Q1-20

Cairo – Mubasher: Obour Land for Food Industries reported a 28.3% year-on-year (YoY) rise in its net profits during the first quarter of 2020, the company’s consolidated financial statements showed. The company’s net profits reached EGP 68.05 …

Financial Results

26 February 2020 04:19 PM Obour Land’s shareholders approve EGP 0.50/shr dividend for 2019

Cairo – Mubasher: The ordinary general meeting (OGM) of Obour Land for Food Industries approved a proposal to distribute EGP 0.50 per share as cash dividends for 2019. Shareholders agreed to distribute a total of EGP 200 million for last year’s …

General Assembly

26 January 2020 01:12 PM Obour Land logs EGP 295m profit in 2019; dividends proposed

Cairo – Mubasher: Obour Land for Food Industries posted a 24% year-on-year profit growth during 2019, the company’s consolidated financial statements showed. The company’s net profits hiked to EGP 295.28 million last year, compared to EGP 238 …

Financial Results

15 December 2019 05:27 PM Obour Land eyes annual increase in exports to $5m over 3 yrs

Cairo – Mubasher: Obour Land for Food Industries aims to increase its exports to $5 million per year over the coming three years, with special focus on juice product.   This plan is part of the company’s efforts to expand in African countries, the …

Company News

2 December 2019 05:56 PM Obour Land plans to build EGP 255m dairy farm

By: Islam Fadl Cairo – Mubasher: Obour Land for Food Industries plans to build a dairy farm over an area of 44 feddans in Belbeis with investments worth EGP 255 million, the company’s vice chairman and CEO Ashraf Hamed said. The food manufacturer …

Banking and Finance