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Arab Aluminum profits rise 128.4% in H1

Arab Aluminum profits rise 128.4% in H1
Aluminum (Photo Credit: Reuters Arabia)
Arab Aluminum
ALUM
-3.10% 28.07 -0.89

Cairo – Mubasher: Arab Aluminum reported an increase of 128.4% in net profits for the first half of 2016.

The firm posted net profits of EGP 30.3 million ($339,000) for the first half of 2016, up from EGP 3.03 million for the same period of the previous year.

The company’s profits reached EGP 1.01 million in the first quarter of 2016, compared with EGP 1.06 million for the comparable period of the preceding year.