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Extracted Oils posts profit surge in H1

Extracted Oils posts profit surge in H1
Extracted Oils
ZEOT
-1.00% 1.99 -0.02
The board of Extracted Oils & Derivatives endorsed financial indicators for the first half of 2014, showing that net profit soared 428% to EGP 3.8 million, compared with EGP 722 thousand net profit in the same period a year earlier.
Financial results for the three-month period that ended on September 30, 2014 had indicated EGP 3.3 million net profit, representing surge by 330% from EGP 757 thousand.
Photo Credit: Arabianeye-Reuters