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Egypt Aluminum targets net profits of LE1.8 bln in FY2018/19

Egypt Aluminum targets net profits of LE1.8 bln in FY2018/19

ArabFinance: Egypt Aluminum (EGAL) declared in a statement sent to EGX, the ordinary general assembly was held on March 29. 

The OGM approved the estimated budget for the fiscal year 2018/2019 with net surplus of LE1.783 billion as well as self-financed investment budget that amounts to LE392.482 million.

Moreover, the OGM ratified allocating LE58,906,106, the employees stake surplus of FY2016/2017 for the social insurance fund for employees.

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