Obour Land 4Q17 earnings up 29% Y-o-Y on strong revenue growth; targeting EGP2.5bn sales in 2018
Obour Land [OLFI.CA] reported 4Q17 results, with net income coming in at EGP66.8mn, up 29% Y-o-Y, mainly on solid top-line growth (+53%). Gross profit declined 9% Y-o-Y to EGP121.2mn, with gross margin contracting c13.5pp to 20.1%. Meanwhile, operating profit grew 19% Y-o-Y to EGP84.8mn, with EBIT margin contracting a tamer 3.9pp to 14.0% as SG&A expenses declined 37%. Obour Land is targeting sales of EGP2.5bn in 2018, with a minimum net margin of 12%, according to the company’s IR Manager. The company is aiming that the milk and juice segment contribute by 6% to its 2018 revenues. Also, the company plans to increase its exports to Libya during the year
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.