Extracted Oils’ profits rise 51.4% YoY in FY 2022/2023
Updated 9/18/2023 10:16:00 AM
Arab Finance: Extracted Oils and Derivatives Company (ZEOT) posted a 51.4% year-on-year (YoY) increase in net profits after tax during fiscal year (FY) 2022/2023, according to the company’s audited financial indicators filed to the Egyptian Exchange (EGX) on September 18th.
The company recorded a net profit after tax of EGP 26.294 million in FY 2022/2023, compared to EGP 17.370 million in the FY earlier.
Moreover, the company generated revenues of EGP 3.626 billion in the last FY, up by 28.2% YoY from EGP 2.827 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.
