AMOC turns to profitability in H1 FY 2021/2022
Updated 2/13/2022 11:49:00 AM
ArabFinance: Alexandria Mineral Oils Company (AMOC) has turned to profitability for the first half (H1) of fiscal year (FY) 2021/2022, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX).
Consolidated net profit after tax excluding minority interest stood at EGP 399.14 million in H1 FY 2021/2022, versus a net loss of EGP 48.23 million in the FY-ago period.
Consolidated revenue amounted to EGP 7.10 billion in the six-month ended December 31st 2021, up from EGP 4.25 billion in the same period of FY 2020/2021
Meanwhile, the company’s standalone net profit after tax reached EGP 345.80 million in H1 FY 2021/2022, versus a net loss of EGP 84.44 million in H1 FY 2020/2021.
AMOC is an Egypt-based company that operates in the petroleum industry. The company specializes in the production of essential mineral oils, paraffin wax and its derivatives, naphtha, and butane, as well as distributes and markets them in Egypt and abroad.
