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Misr Oils & Soap reports 17% ending February

Misr Oils & Soap reports 17% ending February

ArabFinance: Misr Oils & Soap (MOSC) released its financial results, reporting a 17% Year on Year (YoY) rise in its net profit for the financial period ending February 2020. 

Net profit reached EGP 12.560 million in 2019, a rise from 10.724 million achieved a year earlier.

Nevertheless, the company had targeted the net profit of EGP 2.335 million for the same financial period.

The company posted profits of EGP 6.502 million in H1 of FY2019/2020, compared to net profits of EGP 6.491 million in the corresponding period a year earlier.

Misr Oils and Soap Co SAE is an Egypt-based company engaged in the extraction and refining oils from plants and animals, and the production of soap and detergents. The Company operates five factories located across Egypt. Its main shareholder is the Holding Company for Food Industries.

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