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Extracted Oils posts EGP 4M ended Sept. 2019

Extracted Oils posts EGP 4M ended Sept. 2019

ArabFinance: Extracted Oils' (ZEOT) Board of Directors (BoD) approved the financial statement for the fiscal period ending Sept. 30. 

The BoD's report reveals posting net profits of EGP 3.832 million, compared to EGP 3.307 million, representing 15.9% growth. 

It attributed profit rise to the increase in the profit margin of subsidized oil especially for a one-liter bottle and decrease the Industrial loss.

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