Arab Finance: Arab Aluminum Company (AAC) posted a 50.2% year-on-year (YoY) decrease in net profits after tax for the first half (H1) of 2023, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on August 9th.
Net profit after tax stood at EGP 7.489 million in H1 2023, compared to EGP 15.026 million in H1 2022.
Revenues dropped 10.2% YoY to EGP 182.677 million in the January-June period of 2023 from EGP 203.509 million in the same period last year.
ACC is an Egypt-based company that specializes in extruding aluminum profiles for architectural and industrial applications.