Arab Finance: Alexandria Mineral Oils Company’s (AMOC) board of directors has approved the estimated planning budget for the fiscal year (FY) 2024/2025, with expected net profits after tax of EGP 660.154 million, as per a disclosure.

It also set its revenues at EGP 42.002 billion for the July 2024-June 2025 period.

In the first nine-month period of FY 2023/2024, the firm reported a 19% year-on-year (YoY) increase in consolidated net profit after tax, recording EGP 1.311 billion.

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.

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