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Extracted Oils turns profitable in FY14/15

Extracted Oils turns profitable in FY14/15
Photo Credit: Arabianeye-Reuters
Extracted Oils
ZEOT
0.00% 2.43 0.00

Cairo – Mubasher: Extracted Oils Co. shifted to profitability in the fiscal year 2014/2015, as it posted net profits of EGP 2.5 million against EGP 4.6 million for the previous year.

The company's gross profit recorded EGP 155 million in FY14/15, compared with EGP 288 million in the preceding year.

Extracted Oils' net profits stood at EGP 184 million in the nine-month period ended March 2015, a decline of 90.6% from the same period of 2014.