ArabFinance: Alexandria Container and Cargo Handling Company (ALCN) reported a 34% Year on Year decline in its net profit in Quarter one (Q1) of the fiscal year (FY) 2020/2021, according to the company’s October 18thstatement filed to the Egyptian Exchange.
Net profit stood at EGP 277.735 million in Q1 of FY 2020/2021, compared to EGP 421.776 million achieved in the 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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