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Egyptalum posts 99% slide in FY12/13 profit

Egyptalum posts 99% slide in FY12/13 profit
Egypt Aluminum
EGAL
-2.75% 93.36 -2.64
Egypt Aluminum (Egyptalum) reported EGP 1.251 million net profit for FY12/13, with a plunge of 98.9% from EGP 115.585 million posted a year earlier.
The board had ratified unaudited financial results for the first nine months of FY12/13, which showed EGP 54 million net loss, against EGP 123 million net profit.