Cairo – Mubasher: Egypt Aluminum reported a 501.23% profit increase in the first quarter of the fiscal year 2016/17, the unaudited results showed.
The company registered EGP 28.84 million ($3.25 million) profits after tax during the first quarter, compared with EGP 4.8 million ($539,930) profits for the year-ago period.
Q1 Sales rose by 23.1% year-over-year to EGP 1.5 billion from EGP 1.21 million.
