Egypt Aluminum (EGAL)

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News

16 March 2025 02:27 PM Norwegian firm Scatec pens deal with Egypt Aluminum for $750m solar plant

Cairo – Mubasher: Norwegian company Scatec inked a power purchase agreement with Egypt Aluminum to establish a 1 GW solar plant at a total cost of $750 million. The Norwegian renewables firm will secure $563 million, representing 75% of the total …

Companies Investments

14 November 2024 01:46 PM Egypt Aluminum’s profits leap 160% in Q1-24/25

Cairo – Mubasher: Egypt Aluminum posted 160% higher net profits after tax at EGP 4.23 billion in the first quarter (Q1) of fiscal year (FY) 2024/2025, compared to EGP 1.63 billion in Q1-23/24. Revenues hit EGP 11.33 billion in Q1-24/25, marking an …

Financial Results

2 October 2024 02:27 PM Egypt Aluminum unveils cash dividends for FY23/24

Cairo – Mubasher: Egypt Aluminum announced the board’s proposal to pay a cash dividend of EGP 3 per share for fiscal year (FY) 2023/2024, according to a bourse disclosure. Net distributable profits amounted to EGP 6.35 billion during the 12-month …

Cash Dividends

30 September 2024 00:25 PM Egypt Aluminum logs EGP 9.3bn net profits in FY23/24

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 …

Financial Results

30 April 2024 08:48 AM Egypt Aluminum’s net profit soars 33% YoY in 9M-23/24

Cairo – Mubasher: Egypt Aluminum recorded a 33% year-on-year (YoY) surge in net profit after tax to EGP 5.22 billion during the first nine months (9M) of the fiscal year (FY) 2023/2024, versus EGP 3.91 billion. Revenues jumped 52% YoY to EGP 22.46 …

Financial Results

3 March 2024 11:18 AM Egypt Aluminum targets over EGP 4bn profits in FY24/25

Cairo – Mubasher: Egypt Aluminum is expecting to achieve a net profit of EGP 4.26 billion during the fiscal year (FY) 2024/2025, down from EGP 4.85 billion estimated in FY2023/2024. The company seeks to generate EGP 26.69 billion in total sales …

Financial Results

20 February 2024 04:30 PM Egypt Aluminum, Scatec ink agreement to build 1 GW solar power plant

Cairo – Mubasher: Egypt Aluminum has signed an agreement with Norwegian company Scatec ASA to build a 1 gigawatt (GW) solar power plant in the Industrial Complex in Naga Hammadi. Under the agreement, the plant will be built in two phases each has …

Companies Investments

31 January 2024 10:33 AM Egypt Aluminum’s net profits leap 101% in H1-23/24

Cairo – Mubasher: Egypt Aluminum posted net profits after tax valued at EGP 3.43 billion in the first half (H1) of fiscal year (FY) 2023/2024, an annual leap of 101% from EGP 1.70 billion. The revenues hiked by 60% to EGP 13.38 billion in H1-23/24 …

Financial Results

9 November 2023 00:58 PM Egypt Aluminum logs higher profits in Q1-23/24 at EGP 1.63bn

Cairo – Mubasher: The net profits after tax of Egypt Aluminum amounted to EGP 1.63 billion in the first quarter (Q1) of fiscal year (FY) 2023/2024, up 61% year-on-year (YoY)  from EGP 642.63 million. Revenues surged by 42% YoY to EGP 5.99 billion …

Financial Results

28 August 2023 10:45 AM Egypt Aluminum records leap in FY22/23 financial results

Cairo – Mubasher: Egypt Aluminum posted a year-on-year (YoY) surge in net profit after tax to EGP 3.69 billion during fiscal year (FY) 2022/2023, compared to EGP 2.50 billion. The revenues amounted to EGP 22.04 billion during the July 2022- June …

Financial Results

4 May 2023 08:50 AM Egypt Aluminum generates higher profits at EGP 3.91bn in 9M-22/23

Cairo – Mubasher: Egypt Aluminum recorded net profits after tax amounting to EGP 3.91 billion during the first nine months (9M) of fiscal year (FY) 2022/2023, an annual leap from EGP 1.68 billion. The sales enlarged to EGP 14.75 billion in …

Financial Results

9 April 2023 02:26 PM Egypt Aluminum targets EGP 3.12bn profits in FY23/24

Cairo – Mubasher: Egypt Aluminum plans to achieve EGP 3.12 billion in net profit after tax during fiscal year (FY) 2023/2024, compared to EGP 3.02 billion in FY22/23, according to a bourse filing. The EGX-listed firm also aims to generate sales …

Board of Directors

31 January 2023 03:18 PM Egypt Aluminum’s profits leap to EGP 1.7bn in H1-22/23

Cairo – Mubasher: Egypt Aluminum posted a hike in net profit after tax to EGP 1.70 billion during the first half (H1) of fiscal year (FY) 2022/2023, compared to EGP 814.15 million in H1-21/22. Earnings per share (EPS) increased to EGP 2.40 in …

Financial Results

31 October 2022 00:26 PM Egypt Aluminum sees higher profits in Q1-FY22/23 unadjusted results

Cairo – Mubasher: The unaudited financial statements of Egypt Aluminum showed an annual 110.80% rise in net profits during the first quarter (Q1) of fiscal year (FY) 2022/2023 to EGP 642.63 million, compared to EGP 304.71 million. Basic earnings …

Financial Results

7 September 2022 09:37 AM Egypt Aluminum to offer 65% of capital hike to Arab sovereign fund

Cairo – Mubasher: Egypt Aluminum announced that it will offer 65% of the restoration cost, totaling $300 million ($200 million), to an Arab sovereign fund. This will be done by increasing the company’s capital to finance its development and …

Mergers and Acquisitions

21 August 2022 00:51 PM Egypt Aluminum, EMPC reply to news reporting PIF’s potential investment

Cairo – Mubasher: Egypt Aluminum and the Egyptian Media Production City Company (EMPC) have made two statements on Sunday in line with the news reporting that Saudi Arabia’s Public Investment Fund (PIF) aims to invest in the two companies. Egypt …

Companies Investments

10 August 2022 02:20 PM Egypt Aluminum’s profit surpasses EGP 2bn in FY21/22

Cairo – Mubasher: Net profits of Egypt Aluminum amounted to EGP 2.42 billion during fiscal year (FY) 2021/2022, according to a stock exchange statement on Wednesday. This is compared to profits of EGP 28.27 million during the twelve-month period …

Financial Results

8 May 2022 00:07 PM Egypt Aluminum swings to profits in 9M-FY21/22

Cairo – Mubasher: Egypt Aluminum turned profitable in the first nine months (9M) of fiscal year (FY) 2021/2022, logging net profits after tax worth EGP 1.68 billion, versus net losses of EGP 347.72 million in the year-ago period. During the …

Financial Results

7 March 2022 00:04 PM Egypt Aluminum targets EGP 1.22bn investments in FY22/23

Cairo – Mubasher: Egypt Aluminum targets EGP 1.22 billion investments in fiscal year (FY) 2022/2023. The board has approved the initial results of the company's draft budget for FY22/23 with EGP 1.26 billion net profits, according to a bourse …

Companies Investments

31 January 2022 11:38 AM Egypt Aluminum turns to profitability in H1-21/22

Cairo – Mubasher: Egypt Aluminum has achieved net profits of EGP 814.15 million in the first half (H1) of fiscal year (FY) 2021/2022, against net losses of EGP 341.3 million in the year-ago period. The company generated EGP 6.69 billion revenues …

Financial Results

1 November 2021 11:21 AM Egypt Aluminum swings to profits in Q1-21/22 initial financials

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 304.72 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus net losses of EGP 150.9 million in the prior-year period, the unaudited financial results showed.  The …

Financial Results

23 September 2021 09:55 AM Egypt Aluminum turns to profit in FY20/21 adjusted financials

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 28.27 million during fiscal year (FY) 2020/2021, against net losses of EGP 1.67 billion in FY19/20, the adjusted unaudited financial results showed.  The company's revenues rose to EGP …

Financial Results

8 September 2021 11:34 AM Egypt Aluminum puts out fire at Nagaa Hammadi factory

Cairo – Mubasher: Egypt Aluminum announced that a minor fire broke out due to a malfunction in the rolling line at its aluminium factory in Nagaa Hammadi on Tuesday.  The fire was controlled and put out by the automatic fire extinguishing system …

Company News

11 August 2021 00:47 PM Egypt Aluminum swings to profit in FY20/21 initial financials

Cairo – Mubasher: Egypt Aluminum turned to net profits of EGP 27.53 million during fiscal year (FY) 2020/2021, versus net losses of EGP 1.67 billion in FY19/20, the unaudited financial results showed.  The company's revenues surged to EGP 11.36 …

Financial Results

9 May 2021 11:23 AM Egypt Aluminum awards CEGMAN car wheel rim production line contract

Cairo – Mubasher: Egypt Aluminum has awarded Consulting Engineering Group (CEGMAN) a contract to develop a feasibility study for the implementation of a new car wheel rim production line. The company will start procedures to sign the contract with …

Corporate Actions