Cairo – Mubasher:Extracted Oils
& Derivatives Company has reported a 77% year-on-year profit decline during the first six months of the fiscal year 2019/2020.
The company’s net profit dropped to EGP 1.77 million from July to December 2019, compared to EGP 7.71 million in the year-ago period, according to a bourse statement released on Wednesday.
Revenue plunged to EGP 848.34 million during the six-month period ended 31 December, from EGP 1.06 billion a year earlier.
It is worth noting that the unaudited financial results of Extracted Oils reported a 15% YoY increase in its net profit during the first quarter of FY19/20.
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