Cairo – Mubasher: The net profits after tax of Egypt Aluminum increased by 60% year-on-year (YoY) to EGP 9.32 billion in fiscal year (FY) 2023/2024 from EGP 3.69 billion.

Revenues amounted to EGP 32.81 billion as of 30 June 2024, an annual surge of 33% from EGP 22.04 billion, according to a bourse disclosure.

The basic earnings per share (EPS) jumped by 60% to EGP 13.11 in FY-23/24 from EGP 5.90 in FY22/23.

It is worth highlighting that the board members approved the company’s financial results on 26 September 2024.    

In the nine-month period that ended on 31 March 2024, Egypt Aluminum generated net profit after tax valued at EGP 5.22 billion, up 33% YoY from EGP 3.91 billion.