Tuesday, July 29, 2008

Egypt's AMOC reports 5.8 pct rise in year profit (29 Jul. 2008)

Egypt's AMOC reports 5.8 pct rise in year profit (29 Jul. 2008)


Arabfinance: Egypt's Alexandria Mineral Oils Company (AMOC) made a net profit of 917.9 million Egyptian pounds in the financial year ended June 30, 5.8 percent up on the previous year, the stock exchange said in a statement.

Net profit in the previous year was 867.4 million, it said.

And it is to be mentioned that The government sold a 20 percent stake in the oil products company in September 2005 and has been trying to sell a further.