AMOC Posts EGP 1.48B Profit in 2017/18
Alexandria Mineral Oils Company (AMOC) posted profits of EGP 1.48 billion in fiscal year (FY) 2017/18, a 35% increase from the EGP 1.1 billion profit posted in FY 2016/17.
profit | Egypt Oil & Gas - Part 4
Egypt Gas Announces Q1 Losses
Egypt Gas Company has announced pre-tax losses of EGP 12 million in Q1 2018.
Petrojet Profits Exceed EGP 23 B in 2017
The Petroleum Projects and Technical Consultations Company (Petrojet) recorded profits of EGP 23 billion during 2017, a 91% year-on-year (Y.o.Y) increase.
Egypt Gas Shareholders Approve Dividend Payouts
Egypt Gas's general assembly has authorized the company to pay out dividends of EGP 1 per share.
ADES Announces 17.5% Annual Revenue Growth
The Advanced Energy Systems company has announced revenues of $157.6 million in 2017, a 17.5% year-on-year increase from 2016.
Egypt Gas Profit Increases by 6% in 2017
Egypt Gas Company announced increasing profit by 6% Year-on-Year (Y.o.Y) to reach EGP 25.6 million in 2017, compared to EGP 24.14 million in 2016.
ADES’ Profit Drops by 11%
Advanced Energy Systems (ADES Group) International Holding experienced an 11% drop in pretax profits during the first half of 2017 due to the costs associated with its initial public offering.
AMOC to Offer Shares on Stock Market
AMOC plans a secondary offering of 10-20% of its shares on the Cairo stock market and will also issue 10% a global depository receipts in London.
Dana Gas Freezes Egypt’s Investment over Arrears
Dana Gas will not inject new investments in Egypt because of delays in obtaining payments owed to it by the government.
