OBOUR LAND FOR FOOD INDUSTRIES
OLFI
Cash DividendsPositive News
Obour Land Rewards Shareholders with EGP 0.95 Dividend Payout in May 2024
Obour Land announces a dividend payout of EGP 0.95 per share for 2023, reflecting steady profit growth.
April 21, 2024 at 2:40:00 PMScore: 65
Cairo-based Obour Land for Food Industries has declared a cash dividend of EGP 0.95 per share for fiscal year 2023, set for distribution on 9 May 2024. The payout will benefit shareholders recorded as of 2 May 2024. The company reported a marginal increase in annual net profits, reaching EGP 470.68 million compared to EGP 462.38 million in 2022.
Recommended Actions
- Consider holding shares for dividend yield
- Monitor Q1 2024 financials for growth acceleration
- Evaluate stock's P/E ratio against sector peers
- Set price alerts for potential entry points
- Review dividend sustainability metrics
Positive Aspects
- Consistent dividend payout
- Sustained profitability year-over-year
Negative Aspects
- Modest profit increase of 1.8%
- Potential dependency on historical performance
Recent News
January 22, 2024 at 12:37:00 PMGiza Contracting Secures EGP 539 Million Mega-Contract for New Aswan City Development
July 3, 2024 at 10:22:00 AMLink Holdco Trims Fawry Stake Amid Block Trade Surge
March 10, 2024 at 12:07:00 PMRaya Holding Soars to EGP 564M Profit in 2023 Amid Revenue Surge
May 29, 2024 at 10:36:00 AMRaya Holding Soars with 131% Profit Surge in Q1-24 Amid Standalone Losses
GGCC
GIZA GENERAL CONTRACTINGEgyptian construction giant lands major infrastructure deal while navigating revenue challenges in 2023 financials
FWRY
FAWRY FOR BANKING TECHNOLOGY AND ELECTRONIC PAYMENTLink Holdco reduces Fawry stake to 4.99% following a EGP 1.02B block trade; Q1 profit surges 135% YoY.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports a 34% profit surge to EGP 564M in 2023, driven by revenue growth, but standalone losses widen.
RAYA
RAYA HOLDING FOR FINANCIAL INVESTMENTSRaya Holding reports soaring Q1-24 consolidated profits but faces standalone losses as revenues and assets grow.
