Cairo – Mubasher: Alexandria Mineral Oils Company (AMOC) reported Monday that its net unaudited profits for the first six months of the fiscal year 2016/17 jumped 247.8% year-on-year to EGP 545.7 million from EGP 156.9 million.
Higher H1 profits were driven by currency differentials from either US dollar-denominated assets or sales, the company added in a bourse statement.
Yesterday, the company announced that Q2 net profits surged 443% year-on-year to EGP 460.9 million from EGP 81 million, the unaudited results revealed.
Moreover, it denied receiving a request from any governmental party in order to float stake on the Egyptian Exchange.
