ArabFinance: Misr Oils and Soap Company (MOSC) reported a surplus after tax exceeding EGP 16.77 million during fiscal year (FY) 2019/2020, according to a disclosure to the Egyptian Exchange on October 14^th.

The company noted that a loss of more than EGP 10.52 million resulted from deducting the surplus that was registered in FY ended on June 30^th, according to the statement.

Misr Oils turned profitable at EGP 20.94 million during FY 2019/2020, yet it decided to withhold dividend distribution for the past year.