Cairo – Mubasher: Misr Oils and Soap posted on Tuesday a year-on-year growth of 7,233% in its profits for the first eight months of fiscal year 2016/2017.

Net profit before tax amounted to EGP 3.3 million in the first eight months of FY16/17, compared to EGP 45,000 in the same period of FY15/16, according to a bourse filing.

Revenues for the eight-month period reached EGP 502.10 million, versus EGP 278.11 million for the same period of the previous year.

The stock declined on Monday by 6.36% to EGP 12.66.