Obour Land reports net profit of US$13.95M in 9months

EGYPT – Obour Land for Food Industries (OLFI) has reported an 8.42% year-on-year (YoY) decline in consolidated profit attributable to the parent company during the first nine months of 2025, according to financial statements filed to the Egyptian Exchange (EGX).

The company’s consolidated net profit excluding minority interest amounted to US$13.95 million (EGP 660.928 million) from January until the end of September 2025, down from USD 15.24 million (EGP 721.688 million) during the same period a year earlier.

Consolidated sales soared to US$174.24 million (EGP 8.245 billion) in January-September from US$141,000 (EGP 6.671 million) the year before.

Obour Land’s standalone net profit after tax reached US$13.86 million (EGP 656.866 million) in the first nine months of the year, down from US$17.39 million (EGP 823.591 million) in the same period a year earlier.

Established in 1997 and listed in 2016, Obour Land for Food Industries is an Egypt-based manufacturing company that specializes in the production, processing, and packaging of white cheese.

Egypt drops halal certification requirement for UK dairy exports

Recently, the Government of Egypt retracted its plans to require halal certification for all UK dairy products shipped to Egypt, protecting an estimated £250 million in export opportunities.

The proposed requirements were due to come into force in January and were predicted to add about £1,000 per shipment in additional costs and procedures.

The UK exported around £26 million worth of dairy items to Egypt in 2024, with cheese, butter and milk products among the most popular products for international buyers.

The Department for Business and Trade said the trade U-turn will protect an estimated £250 million in additional export opportunities for farmers over five years.

Minister for Food Security and Rural Affairs Daniel Zeichner said: “Britain is a great place for dairy farming and has an excellent reputation for quality, welfare standards and sustainability globally. The change to certification requirements in Egypt will cut costs and red tape for exporters, boosting growth opportunities.”

The move is also expected to reduce red tape and boost export growth, aligning with the UK’s broader trade strategy to facilitate international commerce, even as new tariff challenges emerge from the US under Donald Trump’s administration.

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