Arab Finance: The board of Egypt Aluminum Company (Egyptalum) approved the budget plan for fiscal year (FY) 2026/2027, targeting total sales of EGP 48.219 billion, according to a bourse filing.
As per the plan, the EGX-listed firm also plans to achieve net profits after tax of EGP 11.157 billion.
In the first half (H1) of FY2025/26, Egypt Aluminum generated EGP 5.538 billion in net profits after tax, 25% lower than EGP 7.355 billion in the same period of FY2024/25.