AMOC’s unaudited consolidated profit soars 638% YoY in 9 months
Updated 4/18/2022 12:03:00 PM
ArabFinance: Alexandria Mineral Oils Company (AMOC) reported a 638% year-on-year (YoY) surge in consolidated net profit after tax for the first nine-month period of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX) on April 18th.
Consolidated net profit after tax amounted to EGP 761.98 million in the nine-month period ended March 31st, compared to a profit of EGP 103.31 million in the same period of FY 2020/2021.
The company generated consolidated sales of EGP 12.26 billion in the first nine months of FY 2021/2022, jumping by 73% YoY from EGP 7.10 billion.
Meanwhile, the company’s standalone net profit after tax skyrocketed by 1,614% to EGP 368.82 million in the nine-month period ended March 31st from EGP 37.26 million in the corresponding period of the prior fiscal year.
In the first half (H1) of FY 2021/2022, AMOC posted a consolidated net profit after tax excluding minority interest of EGP 399.14 million, versus a net loss of EGP 48.23 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.
