AMOC FY/2011 Profits 34% Up

Alexandria Mineral Oils Company – AMOC (AMOC:CA) board of directors have approved the company’s financial statements for the fiscal year 2011/2012 in which AMOC has made investments totaling EGP 3.105 billion and posted net profits of EGP 1.066 billion.

AMOC’s financial statements have revealed that the company posted net profits of EGP 906.246 million, 34.2% higher during the first 9 months of the fiscal year 2011/2012. Noting that, AMOC posted net profits of EGP 675.091 million during the first 9 months of the fiscal year of 2010/2011.

Worth mentioning, AMOC’s issued and paid-up capital values at EGP 861 million distributed to 86.1 million securities in which the par value is worth EGP 10 per share.