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Egyptalum turns to loss

Egyptalum turns to loss

ArabFinance: Egypt Aluminum Company (Egyptalum) (EGAL) incurred a net loss of EGP 1.671 billion for the fiscal year 2019/2020, according to the company’s October 1st statement filed to the Egyptian Exchange.

In FY 2018/2019, Egyptalum posted a net profit of EGP 570.927 million. 

The company forecast incurring a loss of EGP 1.027 billion in FY 2020/2021.

Egyptalum is an Egypt-based company engaged in the production and export of Aluminium products and by-products. The company has a complex at Nag Hammadi, 100 kilometers north of Luxor.

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