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 said in a bourse disclosure on Sunday.
By the end of 2019, Obour Land expects to report profits between EGP 280 million and EGP 290 million based on the financial results of the January-September period of the year.
It is worth mentioning that during the first nine months of 2019, the company logged a net profit of EGP 240.58 million, compared to EGP 180.2 million in the year-ago period, including minority shareholders’ rights.
