Cairo Oils’ loss deepens in 2021
Updated 3/17/2022 10:19:25 AM
ArabFinance: Cairo Oils and Soap (COSG) reported higher loss during the full year ended December 31st 2021, according to financial statements filed to the Egyptian Exchange (EGX) on Thursday.
The company’s loss after tax hiked to EGP 124.132 million in 2021, from EGP 78.127 million in 2020.
Net operating revenue dropped to EGP 43.936 million in 2021, from EGP 52.242 million the year before.
Cairo Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for the production of oil and soap.
The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap, and detergent products under several brands.
