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Arab Aluminum profits plunge 94% in nine months

Arab Aluminum profits plunge 94% in nine months
Photo Credit: Arabianeye - Reuters
Arab Aluminum
ALUM
-1.78% 28.89 -0.53

Cairo - Mubasher: Arab Aluminum released net profits of EGP 502,600 for the nine-month - period ended September 2015, a decline 94.5% from EGP 9.29 million a year earlier.

The firm's net profits dropped 75% y-o-y in the first half of 2015.

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