Egypt Aluminum’s profits hike 60% YoY in FY2023/24

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Net profit after tax reached $192mln in the 12-month period ended June 30th, 2024

Staff Writer, Arab Finance

September 30, 2024

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Egypt Aluminum Company (Egyptalum) (EGAL) registered a 60% year-on-year (YoY) surge in net profit after tax for the fiscal year (FY) 2023/2024, according to the company’s unaudited financial statement filed to the Egyptian Exchange (EGX) on September 29th.

Net profit after tax reached EGP 9.324 billion in the 12-month period ended June 30th, 2024, compared to EGP 3.692 billion in FY 2022/2023.

The company generated revenues of EGP 32.815 billion in FY 2023/2024, higher than EGP 22.045 billion in a FY earlier.

Egyptalum is the largest aluminum producer in Egypt and is one of the leading companies in Africa.

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