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Home Steel News Egyptalum has increase in FY22/23 net profit
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Egyptalum has increase in FY22/23 net profit

5 Sep 2023 15:40 reported by Joy Liu

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Egypt Aluminum (Egyptalum), the largest aluminum producer in Egypt, reported that the company’s after-tax net profit for the fiscal year 2022/2023 was EGP 3.692 billion, compared to EGP 2.501 billion in the previous fiscal year, a year-on-year increase of 47.6%.

During the period, the company’s revenues reached EGP 22.045 billion, rising from EGP 14.481 billion in a year ago, a year-on-year hike of 52.2%.

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