Alexandria Mineral Oils Co (AMOC) News - Mubasher Info
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08 April 01:10 PM

Alexandria Mineral Oils Co (AMOC)

Last update: 11:44 AM market time.
8.17
-0.43
-5.00%
Open 8.60
Previous Close 8.60
High 8.50
Low 8.08
Stock Statistics
Volume 10,603,978
Turnover 87,171,960.00
All data are 15 minutes late during market session

News

The state-run oil firm’s profits plunged by 69%
21 May 2019 03:15 PM Volatile oil prices weigh on AMOC’s 9M profit
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) attributed the profit decline during the first nine months of fiscal year 2018/2019 to volatile international oil prices. Seesawing oil prices have resulted in increasing the prices of inputs, …
Company News
The drop in its nine-month profits was attributed to an increase in the cost of raw materials.
18 April 2019 02:04 PM AMOC profit dips 69% in 9M
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) on Thursday reported a 69% year-on-year drop in profits for the first nine months of fiscal year 2018/2019. Net profits amounted to EGP 329.3 million during the nine-month period ended in …
Financial Results
The agreement has been renewed until October 2018
9 April 2019 09:19 AM AMOC’s crude import deal with Iraq ends in October
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) announced it has renewed the four-party agreement signed with Iraq in April 2017 to import Basra crude oil. The agreement has been renewed to import further six oil shipments from Basra until …
Macroeconomics
Net profit amounted to EGP 278.4 million in the six-month period ended December
23 January 2019 00:58 PM AMOC profits drop 62% in 6M
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) on Wednesday reported a 62% year-on-year decline in profits for the first half of fiscal year 2018/2019. Net profit amounted to EGP 278.4 million in the six-month period ended December, versus …
Financial Results
2 December 2018 04:24 PM AMOC to set up EUR 13.9m ZLD project
The board of Alexandria Mineral Oils Co (AMOC) has approved to implement Near-Zero Liquid Discharge (ZLD) project for treating wastewater
Global Economy
27 November 2018 02:08 PM AMOC buys NBK’s stake in ASPPC for EGP 12m
Alexandria Mineral Oils Co (AMOC) has purchased the stake of the National Bank of Kuwait (NBK) in Alexandria Specialty Petroleum Products Company
Global Economy
Net profit amounted to EGP 253.09 million in the three-month period ended September
21 October 2018 02:42 PM AMOC’s profit falls 37% in 3M
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) on Sunday reported a 37% year-on-year decline in profits for the first quarter of fiscal year 2018/2019. Net profit amounted to EGP 253.09 million in the three-month period ended September, from …
Financial Results
The state-run firm has issued 50,000 GDRs on the LSE
18 October 2018 00:44 PM Trading on AMOC’s GDRs on LSE starts Thursday
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) announced that trading on its global depositary receipts (GDRs) on the London Stock Exchange (LSE) has commenced on Thursday, 18 October. The state-run firm has issued 50,000 GDRs on the LSE, …
Corporate Actions
Pharos Research maintained ‘Equalweight’ recommendation on AMOC at a FV of EGP 10.504 per share
16 July 2018 04:44 PM Pharos Research maintains ‘Equalweight’ on AMOC
Cairo – Mubasher: Pharos Research has maintained their ‘Equalweight’ recommendation on Alexandria Mineral Oils Co (AMOC) at a fair value (FV) of EGP 10.504 per share. AMOC is expected to unveil the details of its $600 million project, which is …
Stock Evaluations
AMOC aims to achieve profits of around EGP 707.2 million in FY18/19
3 June 2018 02:23 PM AMOC eyes EGP 707m profits in FY18/19
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) is looking to generate a profit of around EGP 707.2 million in fiscal year 2018/2019, against EGP 1.008 billion in profits. The investment scheme of the company targets EGP 514.8 million in …
Financial Results
Net profit stood at EGP 1.05 billion in the July-March period of FY 2017/18
24 April 2018 03:11 PM AMOC profit rises 24% in 9M
Cairo – Mubasher: The financial indicators of Alexandria Mineral Oils Co  (AMOC) has shown a 24% year-on-year rise in profits for the nine-month period ended March 2018. Net profit stood at EGP 1.05 billion in the July-March period of fiscal year …
Financial Results
The board has approved the modified scheme for FY17/18 with investments worth EGP 62.202m
4 April 2018 03:07 PM AMOC eyes EGP 1bn profit in FY17/18
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) has adjusted its estimated budget for fiscal year 2017/2018 and increased target profits to EGP 1.008 billion, instead of EGP 575.16 million.  The board has approved the modified scheme for …
Financial Results
AMOC hit all-time high on Tuesday
20 March 2018 03:47 PM AMOC's stock hits highest Tuesday
Cairo – Mubasher: Alexandria Mineral Oils Co’s (AMOC) stock hit its an all-time high on Tuesday, in line with announcing it has reached an agreement to establish a fuel oil refinery with $500 million in funding. By the end of Tuesday’s trading …
Trading Activities
The feasibility study of the project will be finished next April
20 March 2018 11:17 AM AMOC reaches $500m deal with banks to build refinery
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) has reached an agreement with a number of local and international banks and financial institutions to establish a fuel oil refinery with $500 million in funding, Daily News Egypt reported. The …
Banking and Finance
AMOC expects its Nasdaq Dubai listing to take place in early 2019
28 February 2018 02:51 PM AMOC’s Nasdaq Dubai listing forecast for 2019
Cairo – Mubasher: Alexandria Mineral Oils Co’s (AMOC) listing on Nasdaq Dubai is forecast to take place sometime in early 2019, the company’s board chairman has said. We are currently working on finalising all the papers and procedures required …
Initial Public Offerings
AMOC’s board discussed raising the company’s stake in Alexandria Wax Products
26 February 2018 03:20 PM AMOC mulls listing on Nasdaq Dubai
Cairo – Mubasher: Alexandria Mineral Oils Co (Amoc) is considering floating a stake of its shares on the Nasdaq Dubai exchange, following the completion of listing on the London Stock Exchange (LSE) to issue global depository receipts (GDRs). …
Corporate Actions
Net profits reached EGP 745.48 million in the six-month period ended December 2017
5 February 2018 00:16 PM Amoc profits rise 37% in H1-17/18
Cairo – Mubasher: Alexandria Mineral Oils Co (Amoc) on Monday reported a 36.6% year-on-year surge in profits for the first half of fiscal year 2017/2018 due to higher revenues. Net profits reached EGP 745.48 million in the six-month period ended …
Financial Results
AMOC’s profits amounted to EGP 745.5 million
21 January 2018 00:24 PM Egypt’s AMOC logs 37% profit rise in H1-17/18
Cairo – Mubasher: Alexandria Mineral Oils Co. (AMOC) on Sunday reported robust profits in the first half the fiscal year 2017/2018 on the back of higher sales. AMOC’s profits amounted to EGP 745.5 million, up 36.6% year-on-year from EGP 545.8 …
Financial Results
AMOC's sales amounted to EGP 3.5 billion during its first quarter
31 October 2017 01:00 PM Sales boost AMOC profits 375% in Q3
Cairo – Mubasher: Alexandria Mineral Oils Co. (AMOC) on Tuesday reported its results for the first quarter of its fiscal year 2017/2018, logging a 374.7% year-on-year profit surge on the back of higher sales. AMOC achieved EGP 402.6 million in the …
Financial Results
AMOC deals with BNY Mellon, Baker McKenzie to issue GDRs on LSE
29 October 2017 04:10 PM AMOC to issue GDRs on LSE
Cairo – Mubasher: Alexandria Mineral Oils Co (AMOC) has signed a contract with BNY Mellon to issue global depositary receipts (GDRs) on the London Stock Exchange (LSE). Chairman of AMOC has also signed a deal with Baker McKenzie in London and …
Corporate Actions
AMOC’s general meeting in the presence of Egypt's petroleum minister Tarek El-Molla
24 September 2017 03:33 PM AMOC provides EGP 8.5bn petroleum products for local market - Chairman
Cairo – Mubasher: Alexandria Mineral Oils Co’s (AMOC) chairman and managing director Amro Mustafa on Sunday said that his firm contributed in providing the Egyptian market with petroleum products, equivalent to EGP 8.5 billion. The EGX-listed …
Macroeconomics
AMOC's board approved increasing issued capital to EGP 1.29 billion
21 August 2017 01:19 PM EGX reviews AMOC capital increase to EGP 1.3bn
Cairo – Mubasher: The Egyptian Exchange (EGX) said that Alexandria Mineral Oils Co (AMOC) has submitted documents to increase its issued capital from EGP 861 million to EGP 1.29 billion through financing bonus shares from the public reserve. The …
Corporate Actions
The project will be funded by increasing the company’s capital by EGP 430.5 million
20 August 2017 04:00 PM AMOC discusses $50m upgrade for production units
Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) said on Sunday that it would convene with AXENS to put down the final modifications for its middle distillates dewaxing units (MDDUs), with an estimated cost of $50 million, by mid-September …
Companies Investments
AMOC approved to increase the company’s issued share capital to EGP 1.29 billion.
20 August 2017 00:28 PM AMOC to hike capital through bonus shares distribution
Cairo – Mubasher: The board of directors of Alexandria Mineral Oils Co (AMOC) on Thursday approved to increase the company’s issued share capital to EGP 1.29 billion. The board agreed to increase the issued share capital through issuing 430.5 …
Corporate Actions
AMOC announced preliminary profits of EGP 1.10 billion in FY16/17
17 July 2017 00:16 AM MubasherTrade maintains AMOC’s Buy/Moderate Risk rating
Cairo - Mubasher: MubasherTrade Research has maintained their Buy/Moderate Risk rating on the stock of Alexandria Mineral Oils Company (AMOC), with the same 12-month price target of of EGP 13.18 per share, according to a recent report. AMOC …
Ratings