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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.
