Egyptian cheese maker Obour Land records EGP 232.2 in 2018 profits

EARNINGS WATCH- Egyptian cheese maker Obour Land recorded a net profit of EGP 236.2 mn in FY2018, down 2.4% y-o-y from EGP 243.2 mn during the previous year, according to its earnings release (pdf). Revenues for the year increased to EGP 2.4 bn, up 20% y-o-y from EGP 2.0 bn in FY2017.