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Extracted Oils H1 profits up 64%

Extracted Oils H1 profits up 64%
Foreign exchange losses amounted to EGP 19.84 million (Photo credit: Arabianeye - Reuters)
Extracted Oils
ZEOT
2.07% 3.95 0.08

Cairo – Mubasher: Extracted Oils posted on Sunday a rise of 64% in its profits for the first half of fiscal 2016-2017, versus EGP 3.1 million for H1-15/16.

The company turned profitable in Q2-16/17 with a net profit of EGP 1.98 million, according to a bourse filing.

Foreign exchange losses amounted to EGP 19.84 million in H1-16/17.