Cairo – Mubasher: The modified unaudited financial results of Extracted Oils & Derivatives Company showed an 18.2% year-on-year (YoY) drop in its net profits, logging EGP 18.88 million during fiscal year 2019/2020, compared to EGP 23.07 million.

The company generated EGP 1.76 billion in sales from July 2019 until the end of last June, compared to EGP 2.35 billion a year earlier, according to a bourse disclosure on Wednesday.

During the first half of FY19/20, the company’s net profits fell to EGP 1.77 million from EGP 7.71 million in the year-ago period.