Arab Finance: Alexandria Mineral Oils Company (AMOC) posted a 86% year-on-year (YoY) growth in consolidated net profit after tax for the first nine months to March 31st, according to the financial income statements filed to the Egyptian Exchange (EGX) on May 1st.

Consolidated net profit after tax amounted to EGP 1.419 billion in the nine-month period ended March 31st, compared to EGP 761.981 million in the same period of fiscal year (FY) 2021/2022.

The company generated consolidated sales of EGP 17.735 billion in the first nine months of FY 2022/2023, surging by 45% YoY from EGP 12.266 billion.

Likewise, AMOC’s standalone net profit after tax rose by 89% YoY to EGP 1.208 billion during the period from July 2022 to March 2023, compared to EGP 638.825 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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