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Arab Aluminum profit up 5%

Arab Aluminum profit up 5%

ArabFinance: Arab Aluminum Company (AAC) reported a 5% Year on Year rise in its net profit for the first nine months of 2020, according to the company’s November 12th financial statements filed to the Egyptian Exchange.

Net profit after tax stood at EGP 7.728 million in the January-September period of 2020, compared to EGP 7.361 million achieved in the prior-year period.

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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