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.
REUTERS/Mohamed Abd El Ghany
By Staff Writer, Mubasher
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.
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