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.
