Extracted Oils records 90.9% YoY drop in H1 FY2024/25 profits
Updated 2/9/2025 9:22:00 AM
Arab Finance: Extracted Oils and Derivatives Company (ZEOT) recorded 90.9% lower net profits after tax at EGP 495,000 in the first half (H1) of fiscal year (FY) 2024/25, as per the unaudited financial results.
The net profits were compared with EGP 5.469 million registered in H1 FY2023/24.
The sales reached EGP 16.97 billion at the end of December 2024, down 12.8% year-on-year (YoY) from EGP 19.46 billion.
In FY2023/24, the net profits after tax dropped by 64.7% YoY to EGP 8.744 million from EGP 24.744 million.
Extracted Oils, 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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