Egypt Aluminum’s profit skyrockets by 8,481.5% YoY in FY 2021/2022

$Getty Images/\\tKim Steele$

Getty Images/ Kim Steele

Egyptalum is one of the leading companies in Africa

Staff Writer, Arab Finance

August 11, 2022

PHOTO

Arab Finance: Egypt Aluminum Company (Egyptalum) (EGAL) posted an 8,481.5% hike in net profit after tax for fiscal year (FY) 2021/2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on August 10^th.

Net profit after tax amounted to EGP 2.42 billion in FY 2021/2022, compared to EGP 28.27 million in FY 2020/2021.

Revenues grew to EGP 14.48 billion in the period from July 1^st 2021 until June 30^th 2022, compared to EGP 11.36 billion a FY earlier.

Egyptalum is the largest aluminum producer in Egypt and is one of the leading companies in Africa.

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