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Arab Aluminum records 13.8% YoY lower profits in Q1

Arab Aluminum records 13.8% YoY lower profits in Q1

Arab Finance: Arab Aluminum Company (AAC) (ALUM) has posted a 13.8% year-on-year (YoY) profit decline during the first quarter (Q1) of 2022, recording EGP 5.465 million, according to preliminary financial indicators filed to the Egyptian Exchange (EGX) on May 30th.

Revenue grew 4.8% YoY to EGP 102.918 million in the three months ended March 31st.

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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