Earnings Report /
Egypt

Alexandria Mineral Oils: 1Q21/22 – revenue growth maintained; margins pressured by maintenance season

  • Ongoing rally in Brent is pushing prices upwards; Volume growth maintained

  • Maintenance season pressuring margins and profitability

  • Commodity prices and cost reduction initiatives drive FV upwards

Marina William
Al Ahly Pharos Securities Brokerage
15 November 2021