Misr Oil swings to profitability in 9 months
Updated 4/28/2022 12:11:00 PM
ArabFinance: Misr Oils and Soap Company (MOSC) has turned to profitability during the first nine months of fiscal year (FY) 2021/2022, according to financial indicators filed to the Egyptian Exchange (EGX) on April 28th.
The company recorded a net profit of EGP 1.531 million in the nine-month period ended March 31st, compared to a net loss of EGP 9.883 million in the year-ago period.
Revenue grew to EGP 1.64 billion in the period ended March 31st from EGP 1.116 billion at the end of March 2021.
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.
