October 27, 2020

Extracted Oils reports lower profit


ArabFinance: Extracted Oils and Derivatives Company (ZEOT) reported a 58% Year on Year decrease in its net profit in the July-September period of 2020, according to the company’s amended financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 1.617 million in the July-September period of 2020, compared to EGP 3.832 million achieved in the prior-year period.

Extracted Oils and Derivatives, an affiliate of Holding Company for Food Industries, is engaged in the extraction and production of oil from animals and vegetables, as well as the manufacture, packaging, and trade of industrial and liquid soaps and detergents.

arabfinance


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