Egypt’s Obour Land exports likely to rise to 5 mln in 3 years

Egyptian dairy producer Obour Land plans to increase its annual exports to $5 million over the upcoming three years, with special focus on juice products.

This plan is part of the company’s efforts to expand in African countries, the company said in a bourse disclosure on Sunday.

By the end of 2019, Obour Land expects to report profits between 280 million Egyptian pounds ($17.4 million) and 290 million pounds based on the financial results of the January-September period of the year.

During the first nine months of 2019, the company logged a net profit of 240.58 million pounds against 180.2 million pounds in the year-ago period.