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Misr Oils reports higher profit

Misr Oils reports higher profit

ArabFinanceMisr Oils and Soap Company (MOSC) achieved a 5% Year on Year increase in its net profit in the first three months of the fiscal year (FY) 2020/2021, according to the company’s October 28th financial statements filed to the Egyptian Exchange.

Net profit after tax stood at EGP 5.260 million in the July-September period of 2020, compared to EGP 5.013 million achieved in the corresponding period a year earlier.

The company previously announced its account settlement with the Bank of Alexandria. The move will result in an increase in the company's shareholder equity by EGP 14.632 million.

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

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