Egypt’s AMOC Says H1 Net Profit 39% Down

Alexandria Mineral Oils Company – AMOC (AMOC.CA)’s financial statements for H1/12-13 revealed a net profit of EGP 394 million, representing a decline of 39%, compared to EGP 645 million for the same period a year earlier.

AMOC’s financial results of Q1 has recorded a net profit of EGP 228.322 million, representing a fall of 40.7%, compared to a net profit of EGP 385.268 million for the same period a year earlier.

AMOCI’s FY11/12 financial results had reflected EGP 3.105 billion total investments and EGP 1.066 billion net profits.