Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) generated consolidated net profits after tax worth EGP 1.41 billion in the first nine months (9M) of fiscal year (FY) 2022/2023.
The registered profits were higher by 86% year-on-year (YoY) than EGP 761.98 million, according to the unaudited financial results.
Meanwhile, the sales enlarged by 45% to EGP 17.73 billion as of 31 March 2023 from EGP 12.26 billion in the year-ago period.
Standalone Business
AMOC posted an annual leap of 89% in standalone net profit after tax to EGP 1.20 billion during the July 2022-March 2023 period, versus EGP 638.82 million.
Non-consolidated sales amounted to EGP 17.53 billion in 9M-22/23, up 45% from EGP 12.10 billion as of 31 March 2022.
In the first half (H1) of FY22/23, the EGX-listed firm logged consolidated net profits worth EGP 1 billion, while the standalone net profits hit EGP 850.69 million.
