Cairo – Mubasher: The financial indicators of Alexandria Container and Cargo Handling Co showed a 19.2% year-on-year (YoY) decrease in its net profits to EGP 1.48 billion in fiscal year 2019/2020 from EGP 1.83 billion.

The company’s sales retreated to EGP 2.55 billion in the 12-month period ended on 30 June from EGP 2.92 billion in FY18/19, according to a bourse disclosure on Wednesday.

It is worth mentioning that during the first 11 months of FY19/20, the company reported net profits after taxes of EGP 1.32 billion and revenues of EGP 2.3 billion.