Cairo – Mubasher: Obour Land for Food Industries logged consolidated net profits valued at EGP 470.68 million in 2023, an annual growth from EGP 462.38 million, including non-controlling interest.
Basic and diluted earnings per share (EPS) hit EGP 1.03 last year, higher than EGP 1.01 in 2022, according to the financial results.
The firm generated EGP 7.20 billion in revenue during 2023, marking a raise from EGP 4.56 billion in 2022.
Total assets amounted to EGP 2.58 billion at the end of 2023, versus EGP 2.56 billion as of 31 December 2022.
As for the standalone financials, the net profits after tax reached EGP 471.29 million in the 12-month period that ended on 31 December 2023, up year-on-year (YoY) from EGP 462.68 million.
In January 2023, the EGX-listed firm announced the distribution of EGP 380 million as cash dividends for 2022.
