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Arab Aluminum posts EGP 1.1m profits in Q1

Arab Aluminum posts EGP 1.1m profits in Q1
hoto Credit: Arabianeye-Reuters
Arab Aluminum
ALUM
-6.00% 13.95 -0.89

Arab Aluminum reported net profits of EGP 1.1 million for the first quarter of 2015, compared with EGP 2.9 million in the same period of 2014.

The company's net profits stood at EGP 11 million for 2014, a decline of 40.5% from the previous year.

Arab Aluminum is capitalised at EGP 28.3 million, distributed across 5.7 million shares at EGP 5 par value each.