Egypt: Arab Aluminum’s profits climb 110% YoY in H1

Revenues rose 36% YoY

Staff Writer, Arab Finance

August 13, 2024

PHOTO

Egypt - Arab Aluminum Company (AAC) posted a 110% year-on-year (YoY) increase in net profits after tax for the first half (H1) of 2024, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on August 11th.

Net profit after tax stood at EGP 15.729 million in H1 2024, compared to EGP 7.489 million in H1 2023.

Revenues rose 36% YoY to EGP 249.435 million in the January-June period of 2024 from EGP 182.677 million in the same period last year.

ACC is an Egypt-based company that specializes in extruding aluminum profiles for architectural and industrial applications.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.