Arab Finance: Extracted Oils and Derivatives Company (ZEOT) has reported a 64.6% year-on-year (YoY) drop in net profits after tax during the first nine months of fiscal year (FY) 2022/2023, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on June 4^th.

The company recorded a net profit after tax of EGP 9.453 million in the nine-month period ended March 31st, compared to EGP 26.685 million in the same period of FY 2021/2022.

Moreover, the company generated revenues of EGP 2.578 billion in the first nine months of FY 2022/2023, up by 24.6% YoY from EGP 2.069 billion.

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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