Cairo - Mubasher: Alexandria Container and Cargo Handling Company (ALCN) has reported a 12.3% decline in its net profit during the first quarter of fiscal year 2018/2019, as shown by the company’s financial indicators.

Net profits reached EGP 494.5 million in the three-month period ending in September, compared with EGP 564 million for the same period last year, according to the company’s statement to the Egyptian Exchange (EGX) on Wednesday.

Sales decreased to EGP 693.8 million compared to EGP 702.2 million in the corresponding period in the year before.