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Cairo Oils suffers EGP12.55m losses in Q2

Cairo Oils suffers EGP12.55m losses in Q2
Photo Credit: Arabianeye-Reuters
Cairo Oils & Soap
COSG
-3.57% 0.22 -0.01

Cairo – Mubasher: Cairo Oils and Soap said it logged EGP 12.555 million in losses for the second quarter of the fiscal year 2015/16.

Meanwhile, the firm reported net profits of EGP 12.6 million for the first half of FY15/16, against net losses of EGP 27.8 million for the similar period of the previous year.

 Cairo Oils saw revenues of EGP 27.5 million in H1-FY15/16, compared with EGP 95.45 million in the same period of the previous year.