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Extracted Oils' profit rises 16% in Q1-19/20 unaudited financials

Extracted Oils' profit rises 16% in Q1-19/20 unaudited financials
Revenues dipped to EGP 428.37 million
Extracted Oils
ZEOT
4.50% 1.25 0.05

Cairo – Mubasher: The unaudited financial results of the Extracted Oils & Derivatives Company (Extracted Oils) reported a 15% year-on-year increase in its net profit during the first quarter of fiscal year 2019/2020.

Net profits amounted to EGP 3.83 million in the July-September period, compared to EGP 3.3 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Monday.

Meanwhile, revenues dipped to EGP 428.37 million in the three-month period ended 30 September from EGP 506.56 million in the same period of FY18/19.

It is worth mentioning that during FY18/19, Extracted Oils reported a net profit of EGP 23.07 million, compared to EGP 20.75 million a year earlier.