Latest news with #EgyptAluminumCompany
Zawya
05-05-2025
- Business
- Zawya
Egypt Aluminum's profits hike 89% YoY in 9 months
Egypt Aluminum Company (Egyptalum) registered an 89% year-on-year (YoY) surge in net profit after tax for the first nine months of fiscal year (FY) 2024/2024, according to the company's unaudited financial statement filed to the Egyptian Exchange (EGX) on May 5th. Net profit after tax reached EGP 9.894 billion in the nine-month period ended March 31st, 2025, compared to EGP 5.227 billion in the same period a year earlier. The company generated revenues of EGP 32.062 billion during the July 2024 to March 2025 period, higher than EGP 22.460 billion in the same nine months a FY earlier. Egyptalum is the largest aluminum producer in Egypt and is one of the leading companies in Africa. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Egypt Independent
06-02-2025
- Business
- Egypt Independent
President al-Sisi Signs Law to Authorize Finance Minister to Guarantee Egypt Aluminum Company
President Abdel Fattah al-Sisi signed on Wednesday 5/2/2025 Law No. 1 of 2025 authorizing the minister of finance, on behalf of the government, to guarantee Egypt Aluminum Company, an affiliate of the Metallurgical Industries Holding Company, in implementing its commitments. The authorization aims at guaranteeing the company's implementation of its financial commitments in line with the energy purchase agreement (PPA) between Egypt Aluminum Company and Norway's Scatec Company which carries out a P2P system project in Egypt. The law was published in the official gazette on Wednesday5/2/2025.
