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Home Steel News Arab Aluminum Company posts surge in H1 net profit
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Arab Aluminum Company posts surge in H1 net profit

14 Aug 2024 16:16 reported by Joy Liu

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Arab Aluminum Company, an Egypt-based producer of aluminum profiles applied in the architectural and industrial industries, posted its after-tax net profit of EGP 15.729 million for the first half of this year, surging by 110% compared to the same period a year ago.

During the period, the company’s revenue was around EGP 249.4 million, which grew by 36% year on year from EGP 182.68 million.

The significant growth in the company’s financial performance was mainly due to the increasing demand for extruded aluminum from the engineering and feeding industries.

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