Cairo – Mubasher: Extracted Oils & Derivatives Company turned to net losses of EGP 20.55 million in fiscal year (FY) 2020/2021, versus net profits of EGP 18.88 million a year earlier, the adjusted financial indicators showed.
The revenues grew to EGP 1.88 billion in the year ended 30 June from EGP 1.76 billion in FY19/20, the company said in a bourse disclosure on Thursday.
During the first nine months of FY20/21, the company incurred net losses of EGP 8.33 million, against net profits of EGP 12.28 million in the year-ago period.
The sales increased to EGP 1.38 billion in the nine-month period ended 31 March from EGP 1.31 billion in the same period in FY19/20.
