Corporate news
Earning Commentary- Al Obour Land [OLFI]
Despite the company achieving sales growth of 24% in the first nine months of 2025, with sales reaching EGP 8.2 billion compared to EGP 6.7 billion in the same period of the previous year 2024, the net profits decreased to EGP 661 million compared to EGP 722 million at the same period of the previous year. This decrease in net profits is mainly due to an increase in the item of selling and marketing expenses, which amounted to EGP 440 million compared to EGP 216 million, an increase of 103% on an annual basis.
Mostafa Amin - Equity Analyst
MAmin@egy.primegroup.org