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AMOC FY13/14 profit drops 14% to EGP701 mln

AMOC FY13/14 profit drops 14% to EGP701 mln
AMOC
AMOC
1.28% 7.11 0.09
The board of Alexandria Mineral Oils Co. (AMOC) ratified financial indicators for the fiscal year that ended on June 30, 2014, showing that net profit fell 14% to EGP 701 million, compared with EGP 818.6 million net profit a year earlier.
The company achieved EGP 8.7 billion total revenues in FY13/14, compared with EGP 8.5 billion in FY12/13.
Financial results for the first nine months of FY13/14 had shown EGP 601 million net profit, with a slight decrease by 0.16% from EGP 602 million net profit in the same period a year earlier.