Cairo – Mubasher: The modified financial results of Misr Oils and Soap showed a turn to net profits of EGP 16.77 million in fiscal year 2019/2020, versus net losses of EGP 15.59 million a year earlier.

Revenues increased to EGP 1.516 billion in the year ended 30 June from EGP 1.49 billion in FY18/19, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.

During the first 11 months of FY19/20, Misr Oils and Soap’s pretax profit rose to EGP 15.54 million, compared to EGP 11.5 million in the corresponding period a year earlier.