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Arab Aluminum profits plunge 97% in 2015

Arab Aluminum profits plunge 97% in 2015
Photo Credit: Arabianeye - Reuters
Arab Aluminum
ALUM
-1.78% 28.89 -0.53

Cairo – Mubasher: Arab Aluminum reported a decline of 97% in net profits for 2015.

The company’s profits amounted to EGP 305,500 in 2015, down from EGP 10.9 million in the previous year.

The firm ruled out the probability of distributing dividends for the year ended 31 December 2015, noting that the company’s deferred dividends reached EGP 20.7 million.

 : Arab Aluminum posted a decline of 94.5% in net profits in 2015.