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Cairo Oil & Soap fiscal Q3 loss widens 11.1% YOY

4916566 said its normalized net income for the fiscal third quarter ended March 31 was a loss of 18 Egyptian piastres per share, compared with a loss of 40 piastres per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 7.1 million pounds, compared with a loss of 6.4 million pounds in the prior-year period.

The normalized profit margin climbed to negative 15.0% from negative 29.2% in the year-earlier period.

Total revenue increased year over year to 47.5 million pounds from 22.0 million pounds, and total operating expenses increased 74.1% from the prior-year period to 51.3 million pounds from 29.5 million pounds.

eported net income came to 80.2 million pounds, or 2.00 p Cairo Oil & Soap Co.