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Thndr Claps » EGY Claps » Earnings 📈 » “Extracted oils” reported profits 

“Extracted oils” reported profits 

by Ziad Amin
April 27, 2022

The Clap

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 deets

The company indicated that turning to profitability was due to the decrease in the cost of bottled subsidised oil.

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