ZEOT
Cairo – Mubasher: Extracted Oils & Derivatives Company (Extracted Oils) on Monday has announced that it aims to boost its profits by 180% year-on-year in fiscal year 2018/2019.
The Egypt-based company is planning to generate around EGP 6.08 million in profits during the current fiscal year, versus a profit of nearly EGP 2.17 million in FY17/18, Extracted Oils highlighted in a filing to the Egyptian Exchange (EGX).
The Egyptian firm plans to invest EGP 28.5 million during FY18/19, versus investments of EGP 38 million in the last fiscal year.
Extracted Oils previously reported an EGP 8.16 million in profits for the July-March period of FY17/18, compared to EGP 109,000 in the year-ago period.