(2017-03-29) Obour Land profit jumps to LE162m ending 2016, proposes dividends Obour Land for Food Industries (OLFI) announced in a statement sent to EGX the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.
The company posted net profits of LE161,987,973, versus net profits of LE91,851,519 in the same period a year ago.
It is worth mentioning, the company's Board proposed distribution of LE60 million (representing 30% of the company's capital) on the shareholders for the fiscal year ending 2016