Cairo – Mubasher: The unaudited financial results of Misr Oils and Soap showed a 24.5% year-on-year (YoY) increase in its net profits during the first nine months of fiscal year 2019/2020.
The company’s net profits rose to EGP 13.72 million during the nine-month period ended 31 March, compared to EGP 11.02 million in the year-ago period, according to a bourse disclosure on Thursday.
In the meantime, revenues grew to EGP 1.15 billion from July 2019 to the end of last March, compared to EGP 1.09 billion in the corresponding period a year before.
It is worth mentioning that during the first seven months of FY19/20, the company’s net profits before taxes amounted to EGP 9.45 million, up from EGP 9.05 million in the same period of FY18/19.
