Egypt Aluminum (EGAL)

Cairo – Mubasher: Egypt Aluminum is expecting to achieve a net profit of EGP 4.26 billion during the fiscal year (FY) 2024/2025, down from EGP 4.85 billion estimated in FY2023/2024. The company seeks to generate EGP 26.69 billion in total sales …

Cairo – Mubasher: Egypt Aluminum has signed an agreement with Norwegian company Scatec ASA to build a 1 gigawatt (GW) solar power plant in the Industrial Complex in Naga Hammadi. Under the agreement, the plant will be built in two phases each has …

Cairo – Mubasher: Egypt Aluminum posted net profits after tax valued at EGP 3.43 billion in the first half (H1) of fiscal year (FY) 2023/2024, an annual leap of 101% from EGP 1.70 billion. The revenues hiked by 60% to EGP 13.38 billion in H1-23/24 …

Cairo – Mubasher: The net profits after tax of Egypt Aluminum amounted to EGP 1.63 billion in the first quarter (Q1) of fiscal year (FY) 2023/2024, up 61% year-on-year (YoY)  from EGP 642.63 million. Revenues surged by 42% YoY to EGP 5.99 billion …

Cairo – Mubasher: Egypt Aluminum posted a year-on-year (YoY) surge in net profit after tax to EGP 3.69 billion during fiscal year (FY) 2022/2023, compared to EGP 2.50 billion. The revenues amounted to EGP 22.04 billion during the July 2022- June …

Cairo – Mubasher: Egypt Aluminum recorded net profits after tax amounting to EGP 3.91 billion during the first nine months (9M) of fiscal year (FY) 2022/2023, an annual leap from EGP 1.68 billion. The sales enlarged to EGP 14.75 billion in …

Cairo – Mubasher: Egypt Aluminum plans to achieve EGP 3.12 billion in net profit after tax during fiscal year (FY) 2023/2024, compared to EGP 3.02 billion in FY22/23, according to a bourse filing. The EGX-listed firm also aims to generate sales …

Cairo – Mubasher: Egypt Aluminum posted a hike in net profit after tax to EGP 1.70 billion during the first half (H1) of fiscal year (FY) 2022/2023, compared to EGP 814.15 million in H1-21/22. Earnings per share (EPS) increased to EGP 2.40 in …

Cairo – Mubasher: The unaudited financial statements of Egypt Aluminum showed an annual 110.80% rise in net profits during the first quarter (Q1) of fiscal year (FY) 2022/2023 to EGP 642.63 million, compared to EGP 304.71 million. Basic earnings …

Cairo – Mubasher: Egypt Aluminum announced that it will offer 65% of the restoration cost, totaling $300 million ($200 million), to an Arab sovereign fund. This will be done by increasing the company’s capital to finance its development and …

Cairo – Mubasher: Egypt Aluminum and the Egyptian Media Production City Company (EMPC) have made two statements on Sunday in line with the news reporting that Saudi Arabia’s Public Investment Fund (PIF) aims to invest in the two companies. Egypt …

Cairo – Mubasher: Net profits of Egypt Aluminum amounted to EGP 2.42 billion during fiscal year (FY) 2021/2022, according to a stock exchange statement on Wednesday. This is compared to profits of EGP 28.27 million during the twelve-month period …

Cairo – Mubasher: Egypt Aluminum turned profitable in the first nine months (9M) of fiscal year (FY) 2021/2022, logging net profits after tax worth EGP 1.68 billion, versus net losses of EGP 347.72 million in the year-ago period. During the …

Cairo – Mubasher: Egypt Aluminum targets EGP 1.22 billion investments in fiscal year (FY) 2022/2023. The board has approved the initial results of the company's draft budget for FY22/23 with EGP 1.26 billion net profits, according to a bourse …

Cairo – Mubasher: Egypt Aluminum has achieved net profits of EGP 814.15 million in the first half (H1) of fiscal year (FY) 2021/2022, against net losses of EGP 341.3 million in the year-ago period. The company generated EGP 6.69 billion revenues …

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 304.72 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus net losses of EGP 150.9 million in the prior-year period, the unaudited financial results showed.  The …

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 28.27 million during fiscal year (FY) 2020/2021, against net losses of EGP 1.67 billion in FY19/20, the adjusted unaudited financial results showed.  The company's revenues rose to EGP …

Cairo – Mubasher: Egypt Aluminum announced that a minor fire broke out due to a malfunction in the rolling line at its aluminium factory in Nagaa Hammadi on Tuesday.  The fire was controlled and put out by the automatic fire extinguishing system …

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 27.53 million during fiscal year (FY) 2020/2021, versus net losses of EGP 1.67 billion in FY19/20, the unaudited financial results showed.  The company's revenues surged to EGP 11.36 …

Cairo – Mubasher: Egypt Aluminum has awarded Consulting Engineering Group (CEGMAN) a contract to develop a feasibility study for the implementation of a new car wheel rim production line. The company will start procedures to sign the contract with …

Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Aluminum approved the planned budget for fiscal year (FY) 2021/2022. The company targets EGP 138.39 million in net profits and EGP 493.22 million in investments in the coming fiscal …

Cairo – Mubasher: Egypt Aluminum suffered net losses of EGP 347.72 million in the first nine months of fiscal year (FY) 2020/2021, down by 65.9% year-on-year (YoY) from EGP 1.02 billion, the unaudited financial results showed. The revenues …

Cairo – Mubasher: Egypt Aluminum said that the Ministry of Trade and Industry’s decision to impose anti-dumping duty on aluminium imports will have a positive impact on the company’s results and local sales. The decision, which will be in effect …

Cairo – Mubasher: The net losses of Egypt Aluminum narrowed by 42.7% year-on-year (YoY) to EGP 341.3 million in the first half (H1) of fiscal year 2020/2021, compared to EGP 595.7 million, the unaudited financial results showed. Revenues increased …

Cairo – Mubasher: Egypt Aluminum said that the cost of the planned upgrade process has not been determined yet, but it is estimated at EGP 13 billion. The technical and marketing studies, which is being conducted by Bechtel, for the development of …