AMOC’s consolidated profit skyrockets 689.8% YoY in 9 months
Updated 5/15/2022 1:37:50 PM
ArabFinance: Alexandria Mineral Oils Company (AMOC) reported a 689.8% 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 consolidated financial statement filed to the Egyptian Exchange (EGX) on May 15th.
Consolidated net profit after tax amounted to EGP 745.29 million in the nine-month period ended March 31st, compared to a profit of EGP 94.36 million in the same period of FY 2020/2021.
The company generated consolidated net sales of EGP 12.26 billion in the first nine months of FY 2021/2022, growing from EGP 7.10 billion.
Meanwhile, the company’s standalone net profit after tax jumped to EGP 638.82 million in the nine-month period ended March 31st from EGP 37.26 million in the corresponding period of the prior fiscal year, according to the standalone financial statement.
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.
