Thursday, July 19, 2007

Egypt's AMOC 2006/7 net profit rises 9 percent

(Reuters) - Egypt's Alexandria Mineral Oils (AMOC) made a net profit of 867.4 million Egyptian pounds in the financial year to end-June, 9 percent up on the previous year, the stock exchange said on Thursday.

The government sold a 20 percent stake in the oil products company in September 2005 and has been trying to sell a further 50 percent to a strategic investor.


Read more at Reuters Africa

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