Alexandria Mineral Oils Company (AMOC) has announced its financial results during the first half of the year ended on December 31, 2014.

AMOC’s earnings stood at EGP 183.6 million ($24.7 million) during H1 of 2014, compared to EGP 373 million ($50.3 million) in the corresponding period of the previous year, plunging by 51%.

Moreover, the Company’s revenues recorded a decline by seven percent YoY, from EGP 1.3 billion to EGP 1.2 billion.

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