Egypt’s Arab Aluminum 9-month profit drops to 2.3mn pounds

Egypt-based Arab Aluminum Company’s (AAC) nine-month net profit after tax fell to 2.3 million Egyptian pounds ($130,151), AAC’s said in a bourse filling on Thursday.

Earlier, profit stood at 4.2 million pounds during the first nine months of 2016.

Revenues jumped to 199.8 million pounds, compared with 149 million pounds last year.