The share of “Egypt for Oils and Soap and Wain achieves the highest level in 13 months

The share of Misr Oil and Soap Company, which is circulating on the Egypt Stock Exchange, increased by 19.99% in the middle of trading today, Monday, to circulate at the price of 72.32 pounds per share, achieving its highest price in 13 months.

The trading on Egypt for oils and soaps at that time came at 19.97 thousand shares, with a value of trading 1.4 million pounds.

The highest price for the share at that time was at 72.32 pounds, while the lowest price was at 64 pounds.

The stock touched the highest price in a year, month and 22 days.

Misr Oil and Soap Company is one of the Egyptian industrial companies specializing in the production of vegetable oils and soap products, and works within the framework of the joint stock companies law.

The company was established in the late 1990s, its shares are included in the Egyptian Stock Exchange, and its capital is 60 million pounds, distributed over 6 million shares with a nominal value of 10 pounds per share.

The company’s activities cover several areas in the food and chemical industries sector, the most prominent of which are vegetable oils such as soy oil and sunflower oil, soap of various kinds for home and industrial use, industrial grease used in various technical applications, and other food products that depend on oils.

The company’s financial performance witnessed fluctuation in recent periods; Where it recorded a growth in net profits during the first half of the fiscal year 2023-2024, an increase of approximately 73% compared to the same period in the previous year. Revenue also increased to about 1.51 million pounds.

On the other hand, the company recorded a sharp decline in profits during the first quarter of the same fiscal year, by more than 88%, as a result of the high cost of raw materials, especially crude oil.

The company faces challenges related to high costs and poor demand in some markets, which prompted to recommend expanding the customer base, searching for new markets, in addition to working to improve operational efficiency and reduce costs to raise the investment return and better exploit productive capabilities.