Arab Finance: Alexandria Mineral Oils Company (AMOC) posted a 146% year-on-year (YoY) growth in consolidated net profit after tax for fiscal year (FY) 2021/2022, according to the unaudited financial income statements filed to the Egyptian Exchange (EGX) on July 31^st.

Consolidated net profit after tax amounted to EGP 1.226 billion in the 12-month period ended June 30^th, compared to EGP 499.286 million in FY 2020/2021.

The company generated consolidated sales of EGP 18.44 billion in the period starting July 1^st 2021 to June 30^th 2022, surging by 81% YoY from EGP 10.18 billion.

Likewise, AMOC’s standalone net profit after tax rose by 163% YoY to EGP 1.048 billion in FY 2021/2022 from EGP 398.78 million.

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.