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Arab Aluminum 9M profit edges lower to EGP 9.2mln

Arab Aluminum 9M profit edges lower to EGP 9.2mln
Arab Aluminum
ALUM
-0.80% 12.54 -0.10
The board of Arab Aluminum Co. endorsed financial results for the nine-month period that ended on September 30, 2014, showing that net profit decreased 3.7% to EGP 9.293 million, compared with EGP 9.555 million in the same period a year earlier.
The company had posted a decline by 50% in H1-14 net profit to EGP 5.3 million, compared with EGP 10.5 million in H1-13.
Q1-14 net profit had amounted to EGP 2.9 million, compared with EGP 6.7 million in the same period a year earlier.
FY13 net profit had increased to EGP 18.743 million from EGP 9.894 million in FY12.