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Alexandria Containers FY13/14 profit rises 40% to EGP538.7mln

Alexandria Containers FY13/14 profit rises 40% to EGP538.7mln
Alex Cont
ALCN
-4.74% 34.20 -1.70
Alexandria Containers & Cargo Handling posted EGP 538.7 million net profit for the fiscal year that ended on June 30, 2014, with 40% growth year-over-year from EGP 384.9 million.
The company’s board had endorsed unaudited financial indicators for July, 2014, which mirrored EGP 46.773 million net profit after tax, compared with EGP 39.560 million in the same period a year earlier.
The company’s financial results for the eleven-month period from July 1, 2013 till May 31, 2014 had shown that net profit rose 20% to EGP 472 million, compared with EGP 392 million net profit in the same period a year earlier.
The company had posted EGP 373.4 million net profit in the nine-month period from July 1, 2013 till March 31 ,2014, compared with EGP 313 million net profit in the year-ago period.