Egypt Aluminum targets $274mln profits in FY25/26
Cairo – The shareholders of Egypt Aluminum greenlighted the estimated budget for fiscal year (FY) 2025/2026, targeting net profits valued at EGP 13.71 billion.
The ordinary general meeting (OGM) passed the capital budget with a value of EGP 5.91 billion, according to a bourse statement.
Last March, the EGX-listed company penned a power purchase deal with Norwegian company Scatec to establish a 1 GW solar plant at a total cost of $750 million.
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