Arab Finance: A company announced Egypt Aluminum (EGAL)Listed on the Egyptian Stock Exchange, that it signed an energy purchase agreement with a company affiliated to the Norwegian Skatak Group, in preparation for the start of the implementation of a project to establish a solar power station with a total capacity of up to one GB, according to what I mentioned in Its statement The sender to the Egyptian Stock Exchange.
The company explained that the project will be implemented in two phases, with a capacity of 500 megawatts for each stage, within the framework of the expansion plan to rely on renewable energy sources and enhance sustainability in productive processes.
The company announced indicators of its business results during the period from 01/07/2024 to 31/03/2025 Which showed a net profit for 9,894,435,798 pounds, compared to the company’s achievement for a net profit of 5,227,535,268 pounds during the period from 01/07/2023 to 31/03/2024.
The company was established in 1976 and its purpose is to produce, distribute and market aluminum metal, its materials, supplies, hibernation, derivatives, and busy at home and abroad, and other activities are made by real estate or financial investments and may be a papers portfolio, as the company follows the maximum quality and keep pace with every development in the aluminum industry in which it is placed in the ranks of major international companies specialized in this field through Continuous improvement and diversity in producing and meeting the demands of our customers abroad and inside.
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