Egypt: Alexandria Container’s profits grow 88% YoY in Q1 FY2024/25

$Egypt\\'s pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh$

Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

The company’s net profits after tax surged to EGP 1.842 billion in the July-September period of last year from EGP 979.974 million over the same period a year earlier

Staff Writer, Arab Finance

November 6, 2024

PHOTO
Egypt's pound notes are pictured in stacks of 100 as employees count money at an exchange office in downtown Cairo June 5, 2014. Amr Abdallah Dalsh

Alexandria Container and Cargo Handling Company (ALCN) posted an 88% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of the fiscal year (FY) 2024/2025, according to the financial indicators.

The company’s net profits after tax surged to EGP 1.842 billion in the July-September period of last year from EGP 979.974 million over the same period a year earlier.

Meanwhile, sales jumped 75% YoY to EGP 1.934 billion from EGP 1.103 billion.

Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.

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