Earnings Report /
Egypt

Obourland: 2Q21 – Solid margins due to successful pricing strategies despite drop in sales

  • White cheese sales plunged, pressuring topline

  • Management’s raw materials purchasing policies along with pricing strategies save margins

  • Maintain Equalweight and FV at EGP7.50/share

Al Ahly Pharos Securities Brokerage
11 August 2021