COSG’s L.E9.940m Net Losses by 2nd Half 2011

Cairo Oils & Soups (COSG) has encountered net losses of L.E9.940 million during the second half of 2011, compared to net profits of L.E2.237 million during the second half of 2010.

The total long-term assets have witnessed a rise of L.E52.343 million, compared to L.E51.170 million. The working capital has also witnessed an increase of L.E30 million, compared to L.E17.5 million.

Through the Q1 of the fiscal year 2011/2012, COSG has encountered net losses of L.E3.59 million, compared to net profits of L.E861.093 thousand during the Q1 of the fiscal year 2010/2011.