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Extracted Oils targets EGP11.5m profits in FY15/16

Extracted Oils targets EGP11.5m profits in FY15/16
Photo Credit: Arabianeye-Reuters
Extracted Oils
ZEOT
3.14% 2.63 0.08

Extracted Oils Co. targets EGP 11.548 million in profits for the fiscal year 2015-2016, against EGP 702 million for the previous year.  

Meanwhile, the company seeks revenues of EGP 502.8 million in FY15/16, compared with EGP 436.2 million for FY14/15, according to the firm's estimated budget for FY15/16.

Extracted Oils posted EGP 184,000 net profits in the first nine months of FY14/15, a decline of 90.6% from the same period of FY13/14.

The firm is capitalised at EGP 157.2 million, distributed across 157.2 million shares at EGP 1 par value each.