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Company Statement

23rd Jan 2019 08:22

RNS Number : 8636N
Alexandria Mineral Oils Co. S.A.E.
23 January 2019
 

 

 

 

 

 

 

 

 

With reference to the summary of the business results for the period ended 

31/12 / 2018 please note the following:

 

Reduction in the net profit of the company during the period July / December 2018 than for the period July / December 2017could be justified by the increased happen to the cost of raw materials by about 30% while the value of sales of the company's product line increased by about 20% compared to the corresponding period as the global prices for the raw materials had increased by various percentages than the company's products prices.

The company has taken many procedures that will have a positive effect on the results of the company's activities during the coming period, the most important of which are the new contracts for selling the company's products and creating new marketing opportunities locally and internationally, in addition to starting negotiations with the relevant parties to improve the conditions of buying and selling products .

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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