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Misr Oils EGM to amend articles of incorporation August 31

Misr Oils EGM to amend articles of incorporation August 31
Misr Oils & Soap
MOSC
-3.97% 52.59 -2.09
Misr Oils & Soap Co. invited shareholders to attend an extraordinary general meeting (EGM) scheduled for Sunday, August 31th, 3:00 p.m. at head office of Food Industries Holding Co. (FIHC).
The EGM will look into amending articles of incorporation No. 44, 45, 46 and 48.
The company’s financial highlights for the fiscal year that ended on June 30, 2014 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.