ArabFinance: Misr Oils and Soap Company (MOSC) posted a net profit of EGP 16,772,866 in the fiscal year (FY) 2019/2020, according to the company’s amended financial statements filed to the Egyptian Exchange.
However, in FY 2018/2019, the company incurred a net loss of EGP 15,594,168.
MOSC previously announced its account settlement with Bank of Alexandria. The move will result in an increase in the company's shareholder equity by EGP 14.632 million.
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.