ArabFinance: Extracted Oils and Derivatives Company's (ZEOT) net profit after taxes jumped more than fourfold in the first six months of the fiscal year (FY) 2021/2022, according to the company’s income statement filed to the Egyptian Exchange (EGX).

The company’s net profits after taxes surged to EGP 23.83 million in the first half (H1) of FY 2021/2022, compared to EGP 4.88 million in the comparative period last year.

ZEOT’s total revenue soared to EGP 1.333 billion in the six-month period ended December 31st 2021, up from EGP 870.408 million in H1 FY 2020/2021.

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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