Alexandria Mineral Oils Company (AMOC), the prime producer of refined petroleum products, announced on Monday it would pay a cash dividend of £E 8.50 a share, in two phases.
The company added that eligible to this dividend are shareholders on Sept. 11, of which 7.50 pounds will be paid on Sept. 16 and the remaining 1.00 pounds on
In July the company, reported a net profit of £E 917.9 million in the financial year ended June 30, 5.8 % up on the previous year.
About AMOC
AMOC’s principal activity is a refinery that produces several petroleum-based products such as gas fuel and blended fuel as well as lubricants like base oils, transformer oils, automatic transmission fluids and waxes. The main raw material is crude oil which represents 95 per cent of the cost of production as it buys it from the Egyptian Petroleum Company (EGPC). The company was established in May 1997.
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