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Arab Aluminum reports profit of EGP 6M

Arab Aluminum reports profit of EGP 6M

ArabFinance: Arab Aluminum Company (AAC) (ALUM) posted a net profit of EGP 6.337 million in quarter one (Q1) 2021, according to the unaudited financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) rise of 237% when compared to EGP 1.883 million in Q1 2020.

The Egyptian Exchange has set the limit down of AAC at 15.862%.

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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