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Extracted Oils swings to losses in FY15/16

Extracted Oils swings to losses in FY15/16
Net losses reached EGP 12.99 million in the fiscal year 2015/16 (Photo Credit: Arabianeye-Reuters)
Extracted Oils
ZEOT
2.07% 3.95 0.08

Cairo-Mubasher: Extracted Oils Co. turned to losses in the fiscal year ended 30 June 2016, according to a bourse statement.

Net losses reached EGP 12.99 million in the fiscal year 2015/16, against profits of EGP 578,000 last year.

Net profits stood at EGP 4.38 million in the nine months of the fiscal year 2015/16, compared to EGP 184,000 in the prior-year period.