Cairo Oils and Soap’s (COSG) net profits after tax grew 34.4% year on year (YoY) in the first quarter (Q1) of 2024 to EGP 28.817 million, compared to EGP 21.441 million.

The Financial Regulatory Authority (FRA) has approved in principle for Cairo Oils and Soap to invite senior shareholders to subscribe to the company’s rights issue.

Cairo Oils and Soap’s (COSG) board has approved raising the company’s issued and paid-up capital to EGP 312 million from EGP 234 million.

Cairo Oils and Soap (COSG) recorded net profits after tax amounting to EGP 44.415 million during the first nine months of 2023, versus net losses of EGP 50.19 million in the same period a year earlier.

Cairo for Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for the production of oil and soap.

Cairo for Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for the production of oil and soap.