Cairo – Mubasher
: The unaudited financial results of Alexandria Container and Cargo Handling Co
showed a 15.4% year-on-year profit drop during the first quarter of fiscal year 2019/2020 on the back of lower revenues.
Net profits declined to EGP 418.27 million in the three-month period ended 30 September, compared to EGP 494.5 million in the year-ago period, according to a filing to the Egyptian Exchange (EGX) on Thursday.
Sales retreated to EGP 670.2 million in Q1 of FY19/20, compared to EGP 693.8 million in the corresponding period a year earlier.
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