ArabFinance: Obour Land for Food Industries board of directors approved cash dividends of EGP 240 million, an equivalent of EGP 0.60 per share, according to a statement filed to the Egyptian Exchange.

The company posted a consolidated net profit of EGP 310,365,589 in 2020, compared to EGP 295,277,928 achieved a year earlier.

Obour Land intends to increase its sales to EGP 2.75 billion at the end of 2020, the companys Director of Investor Relations Ramy el Ghazaly said.

Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company, which is specialized in the production, processing and packaging of white cheese.

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