Egypt’s state-run AMOC eyes 575 mln pounds-profits within FY2017/18

State-owned Alexandria Mineral Oils Company (AMOC) said Thursday that it seeks to achieve profits worth 575.2 million Egyptian pounds ($31.8 million) in the estimated budget within the financial year 2017/2018.

Earlier, profits climbed to 652.4 million pounds in the financial year 2016/2017.

The company also plans to increase revenues to 10.3 billion pounds within  FY2017/2018, while revenues stood at 7.6 billion pounds during FY2016/2017.

Source: Mubasher