Cairo – Mubasher: The board of directors of Alexandria Mineral Oils Company (AMOC) has recommended a cash dividend distribution of EGP 45 per share for fiscal year (FY) ended 30 June 2022, according to a bourse filing on Sunday.

During FY21/22, AMOC’s consolidated net profits jumped by 144.30% on an annual basis to EGP 1.23 billion, compared with EGP 499 million in FY20/21, including minority shareholders’ rights. 

In the meantime, the company’s sales amounted to EGP 18.40 billion in FY21/22, up from EGP 10.20 billion in the previous FY.