Arab Aluminum’s profits edge up 19.7% YoY in Q1 2024

Updated 5/12/2024 2:20:00 AM
Arab Aluminum’s profits edge up 19.7% YoY in Q1 2024

Arab Finance: Arab Aluminum Company (AAC) posted 19.7% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of 2024, according to the financial indicators released on May 12th.

The company’s net profits after tax rose to EGP 6.095 million in Q1 2024, compared to EGP 5.09 million in Q1 2022.

However, revenues slipped 1% YoY to EGP 98.351 million from EGP 99.364 million in Q1 2022.

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.

 

 

 

 

Related News