Obour Land (OLFI.CA) is seeking to grow its net profit by 12% in 2017, company CEO Ashraf Sherif said. In April 2017, the company will raise prices by 20% if the EGP does not strengthen against the USD. The CEO added that the company will distribute no less than 50% of 2017’s earnings in dividends to shareholders. As for 2016 results (expected this month), Obour Land, is expecting a 6% increase in net profit from EGP92mn in 2015. On another note, the company is expecting to grow its market share to 42% in 2017 from 36% currently and to 45% by 2018. By end of 2019, the company is targeting to reach a 6% market share in juice and yogurt segment, which will be introduced in 2H17, and is expected to represent 30% of revenue by 2020. (Reuters)