Misr Oils turns to profit -Egypt

29 Jul 2020

ArabFinance: Misr Oils and Soap (MOSC) posted EGP 16.034 million in its net profit in the fiscal year (FY) of 2019/2020, according to the company's July 28th financial statements filed to the Egyptian Exchange.

In the fiscal year (FY) of 2018/2019, the company incurred net loss EGP 15.594 million.

MOSC achieved a net profit of EGP 6.502 million in the 6-month period of the fiscal year (FY) 2019/2020, compared to EGP 1.503 million posted in the prior-year period.

MOSC is an Egypt-based company engaged in the extraction and refining oils from plants and animals, and production of soap and detergents. The company’s oil products include sunflower oils, corn oils, cotton seeds oils, soya oils, ghee and butter.

Arabfinance

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