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Arab Aluminum sees higher net profit

Arab Aluminum sees higher net profit

ArabFinance: Arab Aluminum Company (AAC) (ALUM) reported an 81% Year on Year jump in its net profit in 2020, according to the company’s February 17th unaudited financial statement filed to the Egyptian Exchange.

Net profit stood at EGP 13.67 million in 2020, compared to EGP 7.55 million in 2019.

On a yearly basis, the company’s net profit rose 5% during the first nine months of 2020, recording EGP 7.728 million.  

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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