ArabFinance:  Cairo Oils and Soap (COSG) incurred a net loss of EGP 16.811 million in quarter one (Q1) 2021, according to the company’s financial statements filed to the Egyptian Exchange.

In Q1 2020, the company incurred a net loss of EGP 15.449 million.

Cairo Oils incurred a net loss of EGP 78.12 million in 2020, a higher 56.54% when compared to EGP 49.9 million in 2019.

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.