Egypt Aluminum (Egyptalum), the largest aluminum producer in Egypt, aimed to reach EGP 3.12 billion in net profit after tax in the fiscal year 2023/24, compared to EGP 3.02 billion in the previous fiscal year.

Besides, the company also targeted its sales amount at EGP 26.6 billion during the period, rising from the EGP 20.50 billion recorded last fiscal year.

In the first half of the fiscal year 2022/23, Egyptalum’s net profit after tax increased to EGP 1.70 billion from EGP 814.2 million in the same period a year earlier. The revenue hiked to EGP 8.35 billion from EGP 6.7 billion in the year-ago period.