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Arab Aluminum’s profit jumps 53% in 2021

Arab Aluminum’s profit jumps 53% in 2021

ArabFinance: Arab Aluminum Company (AAC) (ALUM) reported a 53% year-on-year (YoY) growth in net profit after tax for the year December 31st 2021, according to the company’s financial results filed to the Egyptian Exchange (EGX).

Net profit after tax recorded EGP 20.91 million in 2021, compared to a profit of EGP 13.67 million in 2020.

Moreover, the company generated a revenue of EGP 373.23 million in 2021, rising by 33.2% YoY from EGP 280.28 million.

In another context, the company’s board of directors has proposed the payment of cash dividend worth EGP 1.75 per share.

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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