Egypt Aluminum announced earnings result for the first quarter of fiscal year 2019/2020. For the quarter, the company reported sales revenues dropped year-on-year to EGP 1.892 billion in the third quarter from EGP 3.6 billion. It is worth pointing out that Egypt Aluminum recorded a net profit of EGP 570.93 million during the period from July 2018 to June 2019, but it was lower than EGP 2.71 billion in FY17/18. Furthermore, revenues plummeted by 9.73% to EGP 12.19 billion by the end of June, versus EGP 13.5 billion a year ago.