Cairo – Mubasher: Alexandria Container and Cargo Handling (ALCN) said it reported an increase of 23.9% in net profits for the first five months of the fiscal year 2016 – 2017.

The company posted net profits of EGP 589.7 million for this five – month period up from EGP 475.8 million a year earlier.

The company also stated that it reported an increase of 20.8% y-o-y in revenues as it reached EGP 796.9 million for this five – month period.