Arab Aluminum Says Net Profits 58% Lower; H1

Arab Aluminum (ALUM.CA) reported net profits for the first half of 2012 amounted to EGP 2.798 million, 57.6% down from net profits of EGP 6.595 million posted a year earlier.

Worth mentioning, Arab Aluminum board of directors had approved last March the unaudited business results for the first half of 2012 which ended 30/06/2012.

Moreover, the business results of the first quarter of 2012 revealed posting net profits of EGP 1.063 million, 54.7% down from net profits of EGP 2.350 million posted in Q1/2011.