By Ahmed Allam

Cairo-Mubasher: Extracted Oils said its ordinary general meeting, held on 22 October, endorsed financial statements for the fiscal year ended 30 June 2015.

Shareholders also approved the board and auditor's reports for the same fiscal year.

The company posted net losses of EGP 2.3 million for FY14/15.

The oil producer operates with nearly EGP 157.2 million in issued capital, divided into 157.2 million shares at a par value of EGP 1 each.

Translated by Abdul Maguid Aboshahla