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Thndr Claps » EGY Claps » Earnings 📈 » Obour Land profits up 32% in 2022

Obour Land profits up 32% in 2022

by Shams Abbas
January 29, 2023

The Clap
Obour Land has announced an increase in profits for the fiscal year 2022, reaching EGP 462 million, a 32% increase on an annual basis.

What
For the full earnings release, click here.

So what
The sectors that contributed most to these high revenues were white cheese and juices, with sales increasing by 55% and 76% respectively. 

Now what
The company’s vice president stated that with better availability of the dollar in January 2023, the company has been able to rebuild its stocks to safer levels.

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