Thndr Claps » EGY Claps » Earnings 📈 » “Extracted oils” reported profits
Extracted Oils and Derivatives Co (ZEOT) reported a net income of EGP 26.68 million in the first 9 months of FY-2022 compared to EGP 8.33 million of losses during the same period of 2021 FY.
The company indicated that turning to profitability was due to the decrease in the cost of bottled subsidised oil.
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