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Cairo Oils turns to profitability in 9M

Cairo Oils turns to profitability in 9M
Photo credit: Arabianeye - Reuters
Cairo Oils & Soap
COSG
2.20% 0.23 0.01

Cairo – Mubasher: Cairo Oils and Soap Company posted on Sunday a net profit of EGP 92.7 million ($10.4 million) in the first nine months of fiscal 2015-16, versus net losses of EGP 38.8 million (4.38 million) in the same period of 2014-15.

The company earlier reported net profit after tax of EGP 12.6 million in 2015, compared to EGP 27.8 million in 2014.

The stock rose in today’s early trading by 0.10% to EGP 20.03.