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AMOC profits plunge 59% in 9m

AMOC profits plunge 59% in 9m
Photo Credit: Arabianeye-Reuters
AMOC
AMOC
3.49% 8.60 0.29

Alexandria Mineral Oils Co.’s (AMOC) net profits declined 59% in the nine-month period ended March 2015, down to EGP 244.9 million from EGP 600.7 million for the previous year

The company posted net profits of EGP 183.6 million for the first half of fiscal year 2014/15, compared to EGP 373 million for the same period of the preceding year.

AMOC is capitalised at EGP 861 million, distributed across 86.1 million shares at EGP 10 par value each.