Financials & Economy

Despite the closure of the Olen factory, the company plans to continue its broader operational presence in Belgium.

The strategic transformation is part of a broader plan to streamline operations, reduce costs, and boost profitability.

The company attributed the improvement to a sustained lift in consumer flour sales, where revenue grew 4.4%.

The impressive profit growth reflects sustained demand and recovery in the Egyptian snack market.

This expansion is driven by rising consumer demand for healthier, sustainable, and allergen-free baked goods.