Arab Finance: Alexandria Mineral Oils Company (AMOC) posted a 9% year-on-year (YoY) drop in consolidated net profits after tax for the first half (H1) of fiscal year (FY) 2022/2023, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on January 28^th.

Consolidated net profits after tax amounted to EGP 918.482 million in the six-month period ended December 31^st, compared to EGP 1.004 billion in the same period of FY 2022/2023.

The company generated consolidated sales of EGP 14.275 billion in H1 of FY 2023/2024, up 33% YoY from EGP 10.709 billion.

Likewise, AMOC’s standalone net profit after tax fell 8% YoY to EGP 782.039 million in the July-December period of 2023 from EGP 850.696 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

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