Misr Oils profit increases

Updated 1/31/2021 6:05:04 PM

ArabFinanceMisr Oils and Soap Company (MOSC) reported a slight Year on Year rise in its net profit in the second half of 2020, according to the company’s financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 6.611 million in July-December 2020, compared to EGP 6.502 million achieved in the prior-year period.

The company previously announced its account settlement with the Bank of Alexandria. The move will result in an increase in the company's shareholder equity by EGP 14.632 million.

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.