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AMOC eyes revenue of EGP 10B

AMOC eyes revenue of EGP 10B

ArabFinance:  Alexandria Mineral Oils Company (AMOC) anticipated achieving revenue of EGP 10.197 billion in the fiscal year (FY) 2021/2022, compared to approved revenue of EGP 7.328 billion for FY 2020/2021, according to the company’s statement filed to the Egyptian Exchange.

On June 16th, the company’s board of directors approved the estimated budget for FY 2021/2022.

The company posted a consolidated net profit of EGP 103.312 million in July-March 2021.

AMOC announced that petroleum minister Tarek El Molla appointed Ehab Ahmed Abdel Halim as the new chairman and managing director.

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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