Egypt: AMOC's consolidated profit rises 5% YoY in 9 months
Arab Finance: Alexandria Mineral Oils Company (AMOC) posted a 5% 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 7th.
Consolidated net profit after tax amounted to EGP 1.104 billion in the nine-month period ended March 31st, compared to EGP 1.052 billion in the same period of fiscal year (FY) 2023/2024.
The company generated consolidated sales of EGP 28.314 billion in the first nine months of FY 2024/2025, surging by 24% YoY from EGP 22.747 billion.
Likewise, AMOC's standalone net profit after tax rose by 18% YoY to EGP 1.156 billion during the period from July 2024 to March 2025, compared to EGP 983.358 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.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
44 minutes ago
- Zawya
Algeria's CNED overseeing $47bln in infrastructure projects
Algeria's La Caisse nationale d'équipement pour le développement (CNED), which operates under the Ministry of Finance, is currently overseeing the execution of approximately 50 large-scale infrastructure projects valued at over 6,400 billion Algerian dinars (around $47 billion), according to Mohamed Salim Telidji, Director General of the fund. In a statement to the Algerian Press Service (APS), Telidji said the majority—33 projects—are in the public works and transport sector. The remaining projects are spread across water resources (11 projects) and housing, urban planning, and cities (6 projects). The projects encompass expressways, railway lines, tram and metro systems, dams, desalination plants, utility networks as well as new cities and public facilities. (Writing by Majda Muhsen; Editing by Anoop Menon) (
Arabian Business
an hour ago
- Arabian Business
agrifood industry
North Africa and key coastal markets will be an area of focus for the company in the near term for the Dubai company that is now present in 65 markets
Zawya
2 hours ago
- Zawya
Egypt: Spinalex shifts to net losses in 9M-24/25
Cairo – Alexandria Spinning and Weaving Company (Spinalex) turned to net losses after tax amounting to EGP 13.59 million in the first nine months (9M) of fiscal year (FY) 2024/25, versus net profits of EGP 103.23 million a year earlier. Basic loss per share reached EGP 0.04 as of 31 March 2025, against an earnings per share (EPS) of EGP 0.32 in 9M-23/24, according to the unaudited financial results. Sales hiked by 26% year-on-year (YoY) to EGP 553.26 million in the July 2024-March 2025 period from EGP 440.42 million. In May, the company's shareholders approved increasing the paid-up capital to EGP 721.44 million from EGP 641.28 million. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
