Cairo – Mubasher: Obour Land for Food Industries seeks to increase its revenues by 25% to 30% during 2017, said a bourse filling.
The company also stated that it aims to raise its sales of white cheese products to 103,000 tons
Moreover, the company targets to increase its market share of the white cheese products in the local market to 42% and 45% in 2017 and 2018 respectively.
Obour Land will start the production of new varied food products by the end of the second quarter of 2017, in addition to expanding its exports volume to account for 3% to 5% of the company’s total sales by the second quarter of 2018.
Earlier, the company reported an increase of 92% to EGP 342 million in net profits for 2016.
