Cairo for Oils’ loss 24.2% YoY lower in Q1
Updated 5/29/2022 2:32:00 PMArab Finance: Cairo Oils and Soap (COSG) has posted a 24.23% year-on-year (YoY) decline in net loss after tax during the first quarter (Q1) of 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on May 29th.
The company suffered a net loss after tax of EGP 12.738 million in Q1 2022, versus a loss of EGP 16.811 million in Q1 2021.
Operating revenue grew to EGP 14.266 million in Q1 2022 from EGP 11.668 million in Q1 2021.
Cairo for 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.
