The Clap:
Egyptian dairy player Obour Land for Food Industries (OLFI) added EGP 157 million in net income for the three months ending in March.
Revenues:
The company saw its revenues rise 18.36% YoY to EGP 1.74 billion in 1Q 2024.
Net profit jumped 36.34% YoY
to EGP 157.02 million.
In other dairy news:
Arabian Food Industries “DOMTY” reported a 1.28% rise in net profits to EGP 153.3 million in 1Q 2024. The company reported net sales of 2.28 billion for the period — a 34.3% YoY rise — while its gross profits saw a 21.6% YoY jump to EGP 494.16 million.