Cairo – Mubasher: Egypt Aluminum said Tuesday that it seeks to achieve a net profit after tax of EGP 983 million in fiscal year 2017/2018, compared to an estimated net profit of EGP 898 million for FY16/17.
The company set the investment budget at EGP 395 million for FY17/18, and plans to raise its sales by 27% to EGP 10.252 billion from expected sales worth EGP 8.08 billion in the current fiscal year, according to a bourse statement.
Targeted production in the budget of FY17/18 amounts to 295,000 tonnes, compared to 302,000 tonnes this year.
