Earnings Report /
Egypt

Obourland: 3Q21 – Topline and bottom-line recover despite higher raw material prices

  • Increase in average price of white cheese compensated for volumes drop

  • Margins supported by raw materials stocking and pricing strategies

  • Maintain Equalweight and FV at EGP7.50/share

Al Ahly Pharos Securities Brokerage
2 November 2021