Cairo – Mubasher: Extracted Oils Co. shifted to profitability in the fiscal year 2014/2015, as it posted net profits of EGP 2.5 million against EGP 4.6 million for the previous year.
The company's gross profit recorded EGP 155 million in FY14/15, compared with EGP 288 million in the preceding year.
Extracted Oils' net profits stood at EGP 184 million in the nine-month period ended March 2015, a decline of 90.6% from the same period of 2014.
