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Extracted Oils achieves profit of EGP 19M in FY 2020/2021

Extracted Oils achieves profit of EGP 19M in FY 2020/2021

ArabFinance: Extracted Oils and Derivatives Company reported a net profit of EGP 18.645 million in the fiscal year (FY) 2020/2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.

In FY 2019/2020, the company posted EGP 18.887 million.

Extracted Oils announced on July 25th that its Raghb plant resumed operating.

The listed company targeted net profit of EGP 9.397 million and revenues of EGP 2.388 million in FY 2021/2022.

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.

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