Industry News

Arab Aluminium Company posts 75% less profit for Jan-Sept 2023 than a year ago

Views : 114
Update time : 2023-11-16 15:47:08
Arab Aluminium Company (AAC), an Egypt-based company specialised in extruding aluminium profiles for architectural and industrial applications, announced its financial results for the first nine months of 2023 (ended September 30).
According to Arab Aluminium’s financial indicators filed to the Egyptian Exchange (EGX) on November 12, the company’s net profit after tax decreased by 74.9 per cent year-on-year, amounting to EGP 4.911 million. During the corresponding period of the previous year, the company’s net profits after tax stood at EGP 19.587 million.

Revenues fell 13.2 per cent year-on-year to EGP 252.965 million during January-September 2023, down by 13.22 per cent from EGP 291.494 million in the same period a year earlier.

Arab Aluminium Company, established in 1976, has an extrusion facility with 15,000 tonnes per annum. The facility comprises a cast house, three SMS presses, an anodising plant including electro-colouring, a paint line, and a wooden finish & die manufacturing plant.

Related News
Read More >>
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
Mar .10.2025
Aluminium fluoride raw material costs rebound; Short-term recovery possible but long-term trend remains weak
US employment data falls short of expectations, aluminium ingot continues destocking trend this week US employment data falls short of expectations, aluminium ingot continues destocking trend this week
Mar .10.2025
US employment data falls short of expectations, aluminium ingot continues destocking trend this week
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
Mar .10.2025
China’s total bauxite supply may increase with short-term bauxite prices likely under pressure
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan
Mar .10.2025
New aluminum can and beverage bottling plant to open in Tashkent, Uzbekistan