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AMOC turns profitable in FY20/21

AMOC turns profitable in FY20/21
The sales increased to EGP 10.19 billion in the year ended 30 June
AMOC
AMOC
0.49% 4.07 0.02

Cairo - MubasherAlexandria Mineral Oils Company (AMOC) turned to net profits of EGP 413.34 million in fiscal year (FY) 2020/2021, against net losses of EGP 477.02 million a year earlier, the unaudited consolidated financial results showed. 

The sales increased to EGP 10.19 billion in the year ended 30 June from EGP 8.98 billion in the prior year, the company said in a bourse disclosure on Thursday. 

As for standalone business, the company logged net profits of EGP 399.5 million in FY20/21, versus net losses of EGP 488.28 million FY19/20. 

During the first nine months of FY20/21, AMOC turned to net profits of EGP 103.31 million, against net losses of EGP 152.48 million in the year-ago period.