Egypt Aluminum News - Mubasher Info
KSA
Tawasul
Mubasher TV
 Contact Us Advertising   العربية
KSA
TDWL Open
27 June 12:12 PM

Egypt Aluminum (EGAL)

Last update: 10:56 AM market time.
15.58
0.47
3.11%
Open 15.11
Previous Close 15.11
High 15.83
Low 15.06
Stock Statistics
Volume 141,421
Turnover 2,200,366.00
All data are 15 minutes late during market session

News

Photo Archive
8 May 01:07 PM Egypt Aluminum swings to profits in 9M-FY21/22
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 …
Financial Results
Photo Archive
7 March 01:04 PM Egypt Aluminum targets EGP 1.22bn investments in FY22/23
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 …
Companies Investments
Photo Archive
31 January 12:38 PM Egypt Aluminum turns to profitability in H1-21/22
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 …
Financial Results
The revenues levelled up to EGP 3.33 billion
1 November 2021 00:21 PM Egypt Aluminum swings to profits in Q1-21/22 initial financials
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 …
Financial Results
The company's revenues rose to EGP 11.36 billion
23 September 2021 10:55 AM Egypt Aluminum turns to profit in FY20/21 adjusted financials
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 …
Financial Results
Production at other lines was not halted.
8 September 2021 00:34 PM Egypt Aluminum puts out fire at Nagaa Hammadi factory
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 …
The company's revenues surged to EGP 11.36 billion in the year ended 30 June
11 August 2021 01:47 PM Egypt Aluminum swings to profit in FY20/21 initial financials
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 …
Financial Results
The company will start procedures to sign the contract with CEGMAN
9 May 2021 00:23 PM Egypt Aluminum awards CEGMAN car wheel rim production line contract
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 …
Corporate Actions
The company plans EGP 493.22 million in investments in the coming fiscal year
4 May 2021 00:43 PM Egypt Aluminum targets EGP 138m profit in FY21/22
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 …
Companies Investments
The revenues increased to EGP 8.14 billion in the nine-month period
27 April 2021 11:30 AM Egypt Aluminum's loss declines 66% in nine months
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 …
Financial Results
The decision will be in effect for three years starting from mid-April
14 April 2021 01:56 PM Egypt Aluminum reveals impact of anti-dumping aluminium tariffs
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 …
Macroeconomics
Revenues increased to EGP 5.01 billion in the July-December period
27 January 2021 11:45 AM Egypt Aluminum's loss shrinks 43% in H1-20/21
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 …
Financial Results
The technical and marketing studies will take eight months for completion
26 January 2021 00:45 PM Egypt Aluminum says final upgrade cost not determined yet
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 …
The ministry aims to raise the factory’s output capacity to 250,000 tonnes.
25 January 2021 01:20 PM Egypt Aluminum plans EGP 13bn upgrade
Cairo – Mubasher: The Egyptian Ministry of Public Business Sector is planning to upgrade Egypt Aluminum at an estimated cost of EGP 13 billion. The upgrade process includes introducing a new energy-efficient technology, the ministry said in a …
Macroeconomics
Employees held a strike asking for profit-related bonuses
13 January 2021 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 2021 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 2021 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 …
Companies Investments