Egypt's Misr Oils and Soap not to pay dividends for FY20/21

The revenues increased to $102mln in the year ended 30 June

  
Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo – Misr Oils and Soap announced that no dividends will be paid for the year ended 30 June due to the company's retained losses amounting to EGP 10.55 million, according to a bourse disclosure on Sunday.

The company reported net profits of EGP 3.64 million in fiscal year (FY) 2020/2021, down from EGP 16.77 million a year earlier.

The revenues increased to EGP 1.61 billion in the year ended 30 June from EGP 1.52 billion in FY19/20.

Source: Mubasher

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