Arab Finance: Alexandria Mineral Oils Company (AMOC) posted a 5.2% year-on-year (YoY) growth in consolidated net profit after tax for the first quarter (Q1) of (FY) 2022/2023, according to the unaudited financial income statements filed to the Egyptian Exchange (EGX) on October 27th.

Consolidated net profit after tax amounted to EGP 411.891 million in the three-month period ended September 30th, compared to EGP 391.527 million in the same period of FY 2022/2023.

The company generated consolidated sales of EGP 7.046 billion in the period starting July 1st to September 30th, surging from EGP 5.949 billion.

Likewise, AMOC’s standalone net profit after tax rose to EGP 350.779 billion in Q1 FY 2023/2024 from EGP 346.348 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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