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Arab Aluminum achieves EGP 2M profit

Arab Aluminum achieves EGP 2M profit

ArabFinance:  Arab Aluminum Company (AAC) (ALUM) posted a 15% Year on Year decline in its net profit for the quarter one (Q1) of 2020, according to a May 12th financial statements filed to the Egyptian Stock Exchange.

Net profit reached EGP 1.883 million in Q1 2020, compared to EGP 2.209 million achieved in Q1 2019.

The company distributed cash dividends of EGP 1 per share on April 30th to the shareholders recorded on April 5th.

AAC is an Egypt-based company that specializes in extruding aluminum profiles for architectural and industrial applications. The company undertakes the activities of aluminum billet casting, dies, extrusion, alloys, painting and anodizing. 

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