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.