Arab Finance: Cairo Oils and Soap (COSG) recorded net profits after tax amounting to EGP 44.415 million during the first nine months of 2023, versus net losses of EGP 50.19 million in the same period a year earlier, according to the financial statement filed to the Egyptian Exchange (EGX) on November 14^th.

Operating revenues rose to EPG 700.317 million in the nine-month period ended September 30th, compared to EGP 109.228 million during the corresponding period of 2022.

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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