Cairo – Mubasher: The general assembly of Alexandria Mineral Oils Company – AMOC approved the distribution of 710.32 million pounds, at 55 piasters per share, to shareholders for the fiscal year 2021-2022.
The company explained in a statement to the Egypt Stock Exchange today, that it was decided to distribute the amount in two payments, the first amounting to 387.45 million pounds, at 30 piasters per share, on October 20, 2022, and the second, at an amount of 322.8 million pounds, at 25 piasters per share, on February 22nd, for the shareholder on October 17, 2022.
The Assembly also approved the financial statements for the year ending June 30, 2022, as well as the report of the Board of Directors and the auditor.
Alexandria Mineral Oils – AMOC achieved profits of 1.22 billion pounds during the last fiscal year, compared to profits of 499.28 million pounds in the comparative fiscal year, taking into account minority rights.
The company’s sales rose during the fiscal year to 18.44 billion pounds, compared to sales of 10.18 billion pounds in the previous fiscal year.
As for the independent lists, the company achieved profits of 1.04 billion pounds during the last fiscal year, compared to profits of 398.7 million pounds in the comparable period of the previous fiscal year.