Arab Finance: 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, as per a filing.

Meanwhile, operating revenues hiked to EPG 372.34 million in Q1 2024 from EGP 218.687 million in Q1 2023.

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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