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Extracted Oils’ FY18/19 adjusted financials post EGP 23m profit

Extracted Oils’ FY18/19 adjusted financials post EGP 23m profit
Revenues rose to EGP 2.357 billion
Extracted Oils
ZEOT
-2.47% 2.43 -0.06

Cairo – Mubasher: The adjusted financial results of the Extracted Oils & Derivatives Company (Extracted Oils) showed an 11.2% year-on-year profit rise during fiscal year 2018/2019.

The company’s net profits amounted to EGP 23.07 million from July 2018 to last June, compared to EGP 20.75 million in FY17/18, according to a statement to the Egyptian Exchange (EGX) on Monday.

Meanwhile, revenues rose to EGP 2.357 billion in the twelve-month period ended 30 June from EGP 1.777 billion.

Previously, the company’s financial results before adjustment showed a net profit of EGP 22.47 million in FY18/19.