Cairo – Mubasher: Chamber of Engineering Industries (CEI) addressed Egypt Aluminum Company to fix its pricing policy for one month instead of only ten days, said a bourse filling.
“The short duration of the company’s pricing policy lead to halting the production partially at nearly 40 companies,” said Mohamed v, Head of CEI.
The manufactures of aluminum products negatively influenced by the quick changes in the aluminum prices, noted EL Mohandes.
Notably, Egypt Aluminum reported an increase of 501.2% in net profits for the first quarter of the fiscal year 2016/17, as they reached EGP 28.84 million.
