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20 January 12:48 AM

Egypt Aluminum (EGAL)

Last update: 19 January 02:29 PM market time.
13.98
0.42
3.08%
Open 13.62
Previous Close 13.62
High 14.30
Low 13.50
Stock Statistics
Volume 649,885
Turnover 9,083,790.00
All data are 15 minutes late during market session

News

Employees held a strike asking for profit-related bonuses
13 January 05:50 PM Egypt Aluminum resumes operations at all facilities
Cairo – Mubasher: Egypt Aluminum said that the metal drawing process has been resumed at all facilities, according to a bourse disclosure on Wednesday. Earlier, the company said that employees held a strike and halted production asking for …
Costs increased by EGP 338 million during fiscal year 2019/2020
13 January 01:34 PM Egypt Aluminum’s annual losses exceed capital; employees strike for bonuses
Cairo – Mubasher: Egypt Aluminum’s annual losses exceeded its paid-up capital of EGP 1.6 billion, Mohamed El-Saadawi, Chairman of the company’s parent, Metallurgical Industries Holding Co, revealed. The company incurred net losses of EGP 1.7 …
The bids are currently under review.
11 January 11:43 AM Six companies bid for Egypt Aluminum’s car wheel rim production line project
Cairo – Mubasher: Egypt Aluminum announced that six consulting companies submitted their technical bids to develop a feasibility study for the implementation of a new car wheel rim production line. The six companies are China’s Chinalco (CNPT), …
Revenues increased to EGP 2.18 billion in the July-September
1 November 2020 01:13 PM Egypt Aluminum's loss shrinks 46% in Q1-20/21
Cairo – Mubasher: Egypt Aluminum reported net losses of EGP 150.9 million during the first quarter (Q1) of fiscal year 2020/2021, down by 45.7% year-on-year (YoY) from EGP 277.8 million, the unaudited financial results showed. The company’s …
Financial Results
The company suffered net losses of EGP 1.638 billion in FY19/20
19 October 2020 01:23 PM Egypt Aluminum still determining funding value for seventh production line
Cairo – Mubasher: Egypt Aluminum said that the value of financing required for the development of its seventh production line hasn’t been decided. In response to news reports stating that the company will start developing its seventh production …
The company suffered net losses of EGP 1.638 billion in FY19/20
18 October 2020 00:24 PM US Bechtel wins contract for Egypt Aluminum’s seventh production line
Cairo – Mubasher: Egypt Aluminum has awarded the US Bechtel an engineering consulting service contract for the development of the seventh production line to increase its aluminium output. Preparations are underway for establishing the first phase …
The company’s revenues slid to EGP 7.25 billion
1 October 2020 02:08 PM Egypt Aluminum incurs EGP 1.64bn loss in FY19/20
Cairo – Mubasher: Egypt Aluminum turned to net losses of EGP 1.638 billion in fiscal year 2019/2020, against net profits of EGP 570.93 million a year earlier, the modified unaudited financial results showed. The company’s revenues slid to EGP 7.25 …
Financial Results
Revenues amounted to EGP 7.25 billion from July 2019 until the end of last June
25 August 2020 03:18 PM Egypt Aluminum swings to loss in FY19/20 initial financials
Cairo – Mubasher: The unaudited financial results of Egypt Aluminum showed a turn to net losses of EGP 993.77 million during fiscal year 2019/2020, versus net profits of EGP 570.93 million a year earlier. In addition, the company’s revenues shrank …
Financial Results
Technical bids will be studied by the concerned committee
16 July 2020 04:21 PM Egypt Aluminum receives 3 bids for new production line
Cairo – Mubasher: Egypt Aluminum has received bids from three companies for the provision of engineering consultations regarding the establishment of a seventh production line to increase its aluminium output.  Technical bids of the US Bechtel …
Egypt Aluminum suffered net losses of EGP 1.019 billion in nine months
12 July 2020 00:39 PM Egypt Aluminum considers funding from int'l institutions
Cairo – Mubasher: The Egyptian Ministry of Public Business Sector is currently considering the provision of a funding to Egypt Aluminum, a subsidiary of Metallurgical Industries Holding Co, according to a bourse disclosure on Sunday. In response …
Banking and Finance
Egypt Aluminum's planned upgrade has an estimated cost of EGP 13 billion
29 June 2020 11:47 AM Gov't explores Egypt Aluminum's expansion plans with int'l financial institutions
Cairo – Mubasher: The Egyptian Ministry of International Cooperation and Ministry of Public Business Sector explored cooperation opportunities with a number of international financial institutions. The public business sector minister Hesham Tawfik …
Banking and Finance
Egypt Aluminum suffered net losses of EGP 1.019 billion in nine months
7 May 2020 00:25 PM Egypt Aluminum denies cancelling plans to set up new production line
Cairo – Mubasher: Egypt Aluminum denied reports about upgrading its sixth production line instead of establishing a seventh production line. The company affirmed that the report is completely incorrect, noting that the date of the tender for …
Companies Investments
The company targets EGP 544.8 million worth of investments
30 April 2020 02:52 PM Egypt Aluminum revises expected losses for FY20/21
Cairo – Mubasher: Egypt Aluminum revised its expected losses for fiscal year 2020/2021 to EGP 1.03 billion from EGP 1.407 billion. In addition, the company aims to generate EGP 10.53 billion in revenue in the coming fiscal year, compared to an …
Financial Results
The company generated EGP 5.57 billion in revenue
30 April 2020 11:57 AM Egypt Aluminum moves to loss in 9M unaudited financials
Cairo – Mubasher: Egypt Aluminum turned to losses during the first nine months of fiscal year 2019/2020, the unaudited financial results showed. The company suffered net losses of EGP 1.019 billion from July 2019 to the end of last March, against …
Financial Results
The Egyptian government lowered energy prices for factories
19 March 2020 04:19 PM Egypt Aluminum expects drop in production costs
Cairo – Mubasher: Egypt Aluminum announced that the government’s decision to reduce energy prices for factories will cut down the company’s production costs. The company consumes 5 billion kilowatts (kW) of electricity and 30 million cubic metres …
The company’s net losses slid to EGP 595.7 million in H1
1 March 2020 03:07 PM Egypt Aluminum expects EGP 1.47bn loss in FY20/21
Cairo – Mubasher: The board of directors of Egypt Aluminum approved the planned budget for fiscal year 2020/2021. The company expects EGP 1.47 billion in losses during the coming fiscal year, compared to an estimated EGP 1.42 billion in FY19/20, …
Financial Results
Revenues plummeted to EGP 3.58 billion
30 January 2020 10:56 AM Egypt Aluminum swings to losses in H1-19/20 unaudited financials
Cairo – Mubasher: The unaudited financial results of Egypt Aluminum showed a turn to losses during the first half of fiscal year 2019/2020. The aluminium manufacturer suffered net losses of EGP 595.7 million during the six-month period ended 31 …
Financial Results
Egypt Aluminum posted EGP 277.81 million in post-tax profit in Q1
31 October 2019 00:40 PM Egypt Aluminum turns to loss in Q1
Cairo – Mubasher: Egypt Aluminum turned into losses during the first quarter of fiscal year 2019/2020 on an annualised basis, led by retreating revenues, the company said in an official statement. The Egyptian company posted EGP 277.81 million …
Financial Results
The company's net profits stood at EGP 570.93 million
15 October 2019 11:50 AM Egypt Aluminum’s shareholders approve EGP 0.75/shr dividend for FY18/19
Cairo – Mubasher: Egypt Aluminum announced that its shareholders approved raising the cash dividend distribution for fiscal year 2018/2019 to EGP 0.75 per share from the proposed EGP 0.50 during an ordinary general meeting (OGM), according to a …
Cash Dividends
The company's net profits fell to EGP 570.93 million in FY18/19
25 September 2019 02:44 PM Egypt Aluminum proposes EGP 0.50/shr dividends for FY18/19
Cairo – Mubasher: The board of directors of Egypt Aluminum recommended the distribution of cash dividends of EGP 0.50 per share to shareholders for fiscal year 2018/2019.   The total value of proposed cash dividends amounted to EGP 206.24 …
Cash Dividends
Revenues fell to EGP 12.19 billion
23 September 2019 03:24 PM Egypt Aluminum’s adjusted profits shrink 79% in FY18/19
Cairo – Mubasher: The adjusted financial indicators of Egypt Aluminum showed a 78.98% year-on-year decline in profits for the fiscal year 2018/2019. The company’s net profits plunged to EGP 570.93 million during the period from July 2018 to June …
Financial Results
The aluminium manufacturer’s profit shrank to EGP 599.84 million
31 July 2019 00:35 PM Egypt Aluminum’s unaudited profit drops 78% in FY18/19
Cairo – Mubasher: Egypt Aluminum posted a 77.8% year-on-year profit decline during fiscal year 2018/2019, according to the company's unaudited financial results.   The aluminium manufacturer’s profit shrank to EGP 599.84 million from July 2018 to …
Financial Results
Net profits declined to EGP 758.3 million in H1 of FY18/19
10 June 2019 03:42 PM Egypt Aluminum targets EGP 107m profit in FY19/20
Cairo – Mubasher: Egypt Aluminum announced it is likely to log profits of EGP 107 million during fiscal year 2019/2020. The aluminum maker amended its estimated budget scheme for the coming fiscal year after electricity is priced at EGP 1.11 …
Financial Results
The new expansion will bring up the firm’s production capacity to 570,000 tonnes of aluminum on annual basis
4 June 2019 00:28 PM MubasherTrade maintains Egypt Aluminum PT at EGP 25.98/shr
Cairo – Mubasher: MubasherTrade Research has maintained their a Buy/High Risk rating for Egypt Aluminum (EGAL) at a price target (PT) of EGP 25.98 per share.  The rating for the stock includes the company’s planned expansion to add the seventh …
Ratings
Egypt Aluminum logged a profit of EGP 715.8 million in 9M
20 May 2019 02:47 PM Egypt Aluminum denies reports on solar power plant cost
Cairo – Mubasher: Egypt Aluminum denied reports stating that the solar power plant at aluminum complex in Naga Hamadi will be established at a cost of $300 million. The cost of the solar power plant has not been determined yet, the aluminum …
Companies Investments