Misr Oils and Soap’s profits slump 70% YoY in FY 2022/23
Updated 10/23/2023 11:21:00 AMArab Finance: Misr Oils and Soap Company (MOSC) recorded a 69.72% year-on-year (YoY) plunge in net profit after deferred tax for fiscal year (FY) 2022/2023, according to the adjusted financial statement filed to the Egyptian Exchange (EGX) on October 23rd.
The company achieved a net profit after tax of EGP 1.017 million in FY 2022/2023, compared to EGP 3.361 million in FY 2021/2022.
Net sales rose to EGP 2.829 billion during the July 2022-June 2023 period, compared to EGP 2.236 billion in the same period a year earlier.
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.
Related News
