Cairo – Mubasher: Extracted Oils reported net profits of EGP 1.98 million for the second quarter of the fiscal year 2016 – 2017, against losses of EGP 1.1 million it suffered at the same period of the previous year.

As for the first half of FY 2016 – 2017, the company’s profits increased by 64% to EGP 5.2 million from EGP 3.1 million a year earlier.

Moreover, the company’s revenues went up 60% to EGP 482 million at the six – month period ended 31 December 2016.