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Alexandria Mineral Rises Most in Month After Net Almost Doubles

July 10 (Bloomberg) -- Alexandria Mineral Oils Co. surged the most in almost a month after the Egyptian petroleum products company said its fiscal year profit almost doubled.

The shares climbed 7.6 percent, the biggest intraday gain since June 14, to 68.99 Egyptian pounds at 12:28 p.m. in Cairo. That gave the company a market value of 5.94 billion pounds ($997 million). The benchmark EGX 30 Index fell 0.2 percent.

Net income for the year ended June 30 was 1.05 billion pounds compared with 557 million pounds a year earlier.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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