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Misr Oils and Soap's profit edges up in Q1-20/21

Misr Oils and Soap's profit edges up in Q1-20/21
Revenues slid to EGP 385 million in the July-September period
Misr Oils & Soap
MOSC
-10.00% 23.11 -2.31

Cairo – Mubasher: Misr Oils and Soap achieved net profits of EGP 5.26 million in the first quarter (Q1) of fiscal year 2020/2021, up by 4.9% year-on-year (YoY) from EGP 5.013 million, the unaudited financial results showed.

The company’s revenues slid to EGP 385 million in the July-September period, compared to EGP 393.3 million in the year-ago period, according to a bourse disclosure on Wednesday.

During FY19/20, the company turned to net profits of EGP 16.77 million, versus net losses of EGP 15.59 million a year earlier.