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Alexandria Container’s profits increase 28% in 9M

Alexandria Container’s profits increase 28% in 9M
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Alex Cont
ALCN
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Cairo – Mubasher: The net profits of Alexandria Container and Cargo Handling Company rose by 27.7% year-on-year (YoY) to EGP 1.29 billion in the first nine months (9M) of fiscal year (FY) 2021/2022 from EGP 1.01 billion, according to the company's initial results.

The company generated revenues of EGP 1.8 billion in the July-March period of FY21/22, up from EGP 1.72 billion in the same period of the earlier year.

It is noteworthy to mention that in the first half (H1) of FY21/22, the company achieved net profits worth EGP 717.76 million, up by 14.8% from EGP 625.23 million in the year-ago period.