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.

It is worth mentioning that during FY18/19, Alexandria Container logged a net profit of EGP 1.83 billion, compared to EGP 2.44 billion in FY17/18.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.