Egypt: Alexandria Container logs $125mln profits in FY23/24

The generated net profits were higher by 40% year-on-year (YoY) than EGP 4.38 billion, according to the financial results

Staff Writer, Mubasher

August 19, 2024

PHOTO
Traders work at the Egyptian stock exchange in Cairo, Egypt April 18, 2016. Mohamed Abd El Ghany

Alexandria Container and Cargo Handling Company recorded net profits after tax valued at EGP 6.13 billion in fiscal year (FY) 2023/2024.

The generated net profits were higher by 40% year-on-year (YoY) than EGP 4.38 billion, according to the financial results.

Revenues hit EGP 6.44 billion in July 2023-June 2024, up 30% from EGP 4.96 billion a year earlier.

In the nine-month period that ended on 31 March 2024, the company’s net profits witnessed 26% YoY to EGP 4.02 billion, compared to EGP 3.19 billion.

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