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Arab Aluminum reports 9% profit decrease

Arab Aluminum reports 9% profit decrease

ArabFinance:  Arab Aluminum Company (AAC) (ALUM) reported an 8.7% Year on Year decrease in its net profit in the first half (H1) of 2020, according to the company’s August 11th financial statements filed to the Egyptian Exchange.

Net profit reached EGP 3.912 million in H1 2020, compared to EGP 4.287 million achieved in H1 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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