Misr Oils turns to loss in Q1 FY2024/25

Updated 11/5/2024 10:56:00 AM
Misr Oils turns to loss in Q1 FY2024/25

Arab Finance: Misr Oils and Soap Company (MOSC) incurred net losses after tax of EGP 12.458 million during the first quarter (Q1) of the current fiscal year (FY) 2024/2025, compared to net profits of EGP 87,000 during Q1 of FY 2023/2024, according to the financial indicators.

Meanwhile, revenues totaled EGP 785.472 million during the July-September period, up from EGP 677.057 million over the same period last FY.

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.

 

 

 

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