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Extracted Oils suffers EGP 2.3m losses in year

Extracted Oils suffers EGP 2.3m losses in year
Photo Credit: Arabianeye- Reuters
Extracted Oils
ZEOT
-7.23% 2.18 -0.17

Cairo - Mubasher: Extracted Oils Co. logged EGP 2.3 million in losses for the fiscal year ended 30 June 2015, according to audited financial statements posted Monday.

Earlier, the firm's unaudited financial statements revealed profits of EGP 2.5 million in FY14/15, against losses of EGP 4.6 million for the previous year.

Notably, the company saw net profits of EGP 184,000 in the first nine months of FY14/15.

The food and beverage company is capitalised at EGP 157.2 million, distributed across 157.2 million shares at EGP 1 par value each.