Cairo – Mubasher: Egypt Aluminum revised its expected losses for fiscal year 2020/2021 to EGP 1.03 billion from EGP 1.407 billion.
In addition, the company aims to generate EGP 10.53 billion in revenue in the coming fiscal year, compared to an expected EGP8.28 billion for FY19/20, according to a bourse disclosure on Thursday.
The company also targets EGP 544.8 million worth of investments in FY20/21.
It is noteworthy to mention that in the first nine months of FY19/20, Egypt Aluminum suffered net losses of EGP 1.019 billion, against net profits of EGP 715.8 million in the year-ago period.
