Misr Oils’ profits jump 73% YoY in H1 FY2023/24

The company achieved net profits after tax of EGP 850,000 in the July-December period of last year

Staff Writer, Arab Finance

January 30, 2024

PHOTO

Misr Oils and Soap Company (MOSC) recorded a 72.8% year-on-year (YoY) surge in net profits after tax for the first half (H1) of fiscal year (FY) 2023/2024, according to a statement on January 30th.

The company achieved net profits after tax of EGP 850,000 in the July-December period of last year, up from EGP 492,000 over the corresponding period a year earlier.

Meanwhile, revenues went up to EGP 1.519 billion from EGP 1.381 billion.

MOSC is an Egypt-based company engaged in the extraction and refining of oils from plants and animals, and the production of soap and detergents. The company’s oil products include sunflower oils, corn oils, cotton seeds oils, soya oils, ghee, and butter.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.