The board of Misr Oils Co. endorsed financial indicators for the fiscal year that ended on June 30, 2014.
These indicators showed net loss of EGP 10 million, deepening 206% from net profit of EGP 3.3 million a year earlier.
The company reported EGP 209.9 million total sales, compared with EGP 200 million in FY12/13.
Financial results for the 11-month period from July 1, 2013 till May 31, 2014 had shown EGP 5.5 million net loss before tax, versus EGP 4.7 million net profit in the year-ago period.