Alexandria Mineral Oils Co. (AMOC) posted preliminary results this morning, producing weak figures in Q3 FY2018/19.

This follows its weak performance in H1 FY2018/19.

Such a weak performance was mainly attributed to the lower cash spread between selling prices and material costs,

which is mainly attributed to lighter sales of gasoil (AMOC’s high-margin product) used in the blending process of fuel oil blend.

This issue may have extended into Q3 (as we suspect).

For more details, please read the full report below.

190418-AMOC-Note-En