EARNINGS WATCH-

Alexandria Mineral Oils Company’s (AMOC) consolidated net income rose 11% y-o-y to EGP 1.3 bn in FY 2022-23, according to an EGX disclosure (pdf). Revenues, meanwhile, climbed 31.3% to EGP 24.2 bn during the fiscal year.

MARKET ROUNDUP-

The EGX30 fell 0.2% at today’s close on turnover of EGP 3.55 bn (85.6% above the 90-day average). Foreign investors were net buyers. The index is up 19.97% YTD.

In the green: Beltone Financial Holding (+9.9%), Alexandria Containers and Cargo Handling (+2.8%) and Juhayna (+1.4%).

In the red: Eastern Company (-6.1%), Alexandria Mineral Oils Company (-5.3%) and TMG Holding (-3.5%).

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