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