MOSC cancels dividends for FY 2019/2020

Misr Oils and Soap Company (MOSC) stated that it won't distribute dividends for the fiscal year 2019/2020

  
ArabFinance: Misr Oils and Soap Company (MOSC) stated that it won't distribute dividends for the fiscal year 2019/2020 due to incurring a loss in the previous year, according to the company's statement released on September 14th.

The company posted a net profit of EGP 20.944 million for the fiscal year (FY) of 2019/2020, against a loss of EGP 15.594 million in FY 2018/2019.

MOSC is an Egypt-based company engaged in the extraction and refining of oils from plants and animals, and the production of soap and detergents. The company’s oil products include sunflower oils, corn oils, cotton seeds oils, soya oils, ghee, and butter.

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