Cairo Oils’ losses shrink 56% YoY in 2022

Updated 3/14/2023 10:00:00 AM
Cairo Oils’ losses shrink 56% YoY in 2022

Arab Finance: Cairo Oils and Soap’s net losses after tax narrowed 55.6% in 2022 to EGP 55.09 million, versus EGP 124.13 million in 2021, according to the financial statement filed to the bourse on March 14th.

Operating revenues spiked 443.9% year on year (YoY) to EGP 238.97 million last year from EGP 43.94 million the year prior.

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