Cairo - Mubasher: The financial statements of Cairo Oils and Soap reported a 5% year-on-year decline in losses during the first quarter of 2019.

Year-on-year, net losses dropped to EGP 25.34 million in H1-19 from EGP 26.68 million, Cairo Oils disclosed to the Egyptian Exchange (EGX) on Thursday.

Net revenues fell to EGP 42.66 million during H1-19 from EGP 54.1 million in H1-18.

It is worth pinpointing that during the first quarter of 2019, Cairo Oils’ net losses rose to EGP 12.76 million from EGP 11.9 million in Q1-19.