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AMOC profit rises 24% in 9M

AMOC profit rises 24% in 9M
Net profit stood at EGP 1.05 billion in the July-March period of FY 2017/18
AMOC
AMOC
-0.40% 7.49 -0.03

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 2017/2018, compared to EGP 853.5 million in the prior-year period.

Sales grew to EGP 10 billion in the nine-month period of FY17/18 from EGP 6.5 billion.

It is worth noting that AMOC had previously reported a 36.6% year-on-year surge in profits for the first half of FY17/18, recording EGP 745.48 million from EGP 545.7 million