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Cairo Oils suffers EGP 78M loss

Cairo Oils suffers EGP 78M loss

ArabFinance:  Cairo Oils and Soap (COSG) incurred a net loss of EGP 78.12 million in 2020, higher 56.54% when compared to EGP 49.9 million in 2019, the company stated in a filing to the Egyptian Exchange on February 28th.

The listed company reported a 42% Year on Year increase in its net loss in the first half of 2020, suffering EGP 36.09 million.

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. The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap and detergent products under several brands. 



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