Egypt Aluminum (EGAL) Reports Impressive 1H-23/24 Earnings with +101% Net Income Growth; YTD Stock Performance Soars by +77.2%"
Egypt Aluminum (EGAL) has released its 1H-23/24 financial earnings with an impressive +101% net income growth, amounting to EGP 3,438,448,809 for 1H23/24 compared to EGP 1,709,696,153 in 1H22/23. The earnings per share (EPS) for the period stood at EGP 4.83/share, a significant increase from EGP 2.40/share previously.
In addition to the stellar financial performance, EGAL's stock has delivered strong returns year-to-date (YTD), recording a remarkable +77.2% increase. The last trading price for 2023 was EGP 64.86/share, while the last trading price for the session on January 29, 2024, reached EGP 114.95/share, further highlighting the company's impressive stock performance.
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