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Misr Oils FY13/14 adjusted loss widens to EGP16.099mln

Misr Oils FY13/14 adjusted loss widens to EGP16.099mln
Misr Oils & Soap
MOSC
-4.73% 50.10 -2.49
Misr Oils & Soap posted adjusted financial results for the fiscal year 2013/2014, which mirrored EGP 16.099 million net loss, compared with EGP 4.591 million net loss in 2012/2013. The company had previously posted EGP 11.3 million net loss for the fiscal year that ended on June 30, 2014, deepening 146% from EGP 4.6 million a year earlier.
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.