Cairo – Mubasher: The consolidated net profits after tax of Alexandria Mineral Oils Company (AMOC) jumped by 13.70% to EGP 479.07 million in the first quarter (Q1) of fiscal year (FY) 2024/2025.
The quarterly net profits were compared with EGP 421.47 million in Q1-FY23/24, according to the income statements.
Sales hit EGP 8.88 billion as of 30 September 2024, up 26.10% year-on-year (YoY) from EGP 7.04 billion.
Standalone Financials
The EGX-listed firm recorded standalone net profits after tax valued at EGP 352.54 million in the three-month period that ended on 30 September 2024, up 0.50% YoY from EGP 350.77 million.
Non-consolidated revenues climbed by 25.50% to EGP 8.71 billion in Q1-24/25 from EGP 6.94 billion Q1-23/24.
Based on the capital budget for FY24/25 approved last June, AMOC targets net profits after tax worth EGP 660.15 million, compared to EGP 603.50 million in FY23/24.
