Cairo Oils and Soap (COSG) suffered a net loss after tax of EGP 45.79 million in the first half (H1) of 2022, versus a loss of EGP 34.75 million in H1 2021, according to the financial income statement filed to the Egyptian Exchange (EGX) on August 17th.
Operating revenue fell to EGP 22.72 million in H1 2022 from EGP 26.01 million in H1 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.
Source: Arab Finance
