Egyptalum posts 48% YoY profit surge in FY2022/23

The company recorded EGP 3.691 billion in net profits last FY, up from EGP 2.501 billion the year before

Staff Writer, Arab Finance

September 27, 2023

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The Aluminium Company of Egypt’s (Egyptalum) net profits after tax saw a 47.6% year-on-year (YoY) increase in net profits after tax in fiscal year (FY) 2022/2023, the firm disclosed on September 27th.

The company recorded EGP 3.691 billion in net profits last FY, up from EGP 2.501 billion the year before.

Revenues came in at EGP 22.046 billion in FY 2022/2023, versus EGP 14.482 billion in FY 2022/2023.

As the largest aluminum producer in Egypt and one of the leading companies in Africa, Egyptalum is specialized in extruding aluminum profiles for architectural and industrial applications.

The company undertakes the activities of aluminum billet casting, dies, extrusion, alloys, painting, and anodizing.

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