Egypt’s Misr Oils and Soap posts 220% rise in FY2017 production value

Egypt’s state-owend Misr Oils and Soap Company reported Tuesday a 220 percent increase in its production value to reach 1.139 billion Egyptian pounds ($64 billion) during the financial year 2016/2017.

Earlier, production value stood at 517 million pounds during the financial year 2015/2016.

The company made total sales worth 1.133 billion pounds up from 522 million pounds last financial year.