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Arab Aluminum H1 profit drops 50% to EGP5.3 mln

Arab Aluminum H1 profit drops 50% to EGP5.3 mln
Arab Aluminum
ALUM
73.28% 23.86 10.09
Arab Aluminum Co. posted a decline by 50% in H1-14 net profit to EGP 5.3 million, compared with EGP 10.5 million in H1-13.
The company’s Q1-14 net profit had amounted to EGP 2.9 million, compared with EGP 6.7 million in the same period a year earlier.
FY13 net profit had increased to EGP 18.743 million from EGP 9.894 million in FY12.