ArabFinance: Alexandria Container and Cargo Handling Company (ALCN) reported a 35% Year on Year increase in its net profit in July-August period of the fiscal year (FY) 2020/2021, according to the company’s September 22ndfinancial statements filed to the Egyptian Exchange.
Net profit stood at EGP 204,115,167 in ending August 31st, compared to EGP 312,221,920 posted a prior-year period.
The company targets a net profit of EGP 1.558 billion and revenue of EGP 2.694 billion for FY 2020/2021.
Alexandria Container is an Egypt-based public shareholding company engaged in the marine port services sector. The company specializes in the container and cargo handling in Egyptian ports.
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