Cairo - Mubasher: Misr Oils and Soap reported an increase in profits by 291% in the second quarter of fiscal year 2016-2017, as shown by the company’s unaudited financial results.
According to the company’s statement to the Egyptian Exchange (EGX) on Tuesday, the company achieved a net profit of EGP 3.3 million in the three-month period that ended 31 December 2016 compared to EGP 843,000 in the same period the year before.
Profits also jumped 2381% in H1 to EGP 5.5 million from around EGP 23,000 in the first half of FY2015-2016.
The company achieved FX profits of EGP 27,000 during that period, the statement indicated.
