Cairo for Oils' 2022 sales surpass expectations by 15%

Cairo Oils and Soap (COSG) achieved sales of EGP 230 million in 2022, exceeding the company’s expectations by 15%, according to a filing to the Egyptian Exchange (EGX) on Thursday.

In October, a company filing showed a sales expectation of EGP 200 million for 2022.

Cairo for Oils, a subsidiary of the Holding Company for Food Industries, is an Egypt-based holding company engaged in the manufacture, processing, packaging, import, export, and distribution of different types of seeds for oil and soap production.

The company primarily uses cotton seeds and soya beans for processing and producing cooking oil, soap, and detergent products under several brands.