Arab Finance: Alexandria Mineral Oils Company (AMOC) reported an 86.66% year-on-year (YoY) increase in consolidated net profit after tax attributable to the parent company for the first nine-month period of fiscal year (FY) 2022/2023, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on May 21^st.

Consolidated net profit after tax amounted to EGP 1.391 billion in the nine-month period ended March 31st, compared to a profit of EGP 745.29 million in the same period of FY 2021/2022.

The company generated consolidated net sales of EGP 17.735 billion in the first nine months of FY 2022/2023, growing YoY from EGP 12.266 billion.

Meanwhile, the company’s standalone net profit after tax jumped to EGP 1.208 billion in the nine-month period ended March 31st from EGP 638.825 million in the corresponding period of the prior fiscal year.

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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