Alexandria Container’s profit edges down in nine months

Alexandria Container and Cargo Handling's profits down by 2.7% year-on-year

  
Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo – Alexandria Container and Cargo Handling Co logged net profits of EGP 1.01 billion in the first nine months of fiscal year (FY) 2020/2021, down by 2.7% year-on-year (YoY) from EGP 1.04 billion, the unaudited financial results showed.

The company’s revenues retreated to EGP 1.7 billion in the nine-month period ended 31 March from EGP 1.81 billion in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

During the first half (H1) of FY20/21, the company posted net profits of EGP 625.24 million, down from EGP 736.06 million in the prior-year period.

Source: Mubasher

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