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 filing on Monday.

It is noteworthy to mention that in the first half (H1) of FY21/22, the company achieved net profits of EGP 814.15 million, against net losses of EGP 341.3 million in the year-ago period.