Cairo Oils swings to profitability in Q1

Cairo-Mubasher: Cairo Oils and Soap posted net earnings of EGP 25.14 million for the first three months of the current fiscal year, against losses of EGP 13.31 million in the prior-year period, according to a bourse filing Tuesday.

The edible oil producer had widened its losses from EGP 33.48 million to EGP 52.41 million in the last fiscal year.

The EGX-listed firm operates with EGP 200 million capital, divided into 40 million shares at a par value of EGP 5 each.

Mubasher Contribution Time: 10-Nov-2015 08:45 (GMT)