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Alexandria Container’s profits up 34% in 11M

Alexandria Container’s profits up 34% in 11M
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Cairo – Mubasher: The net profits of Alexandria Container and Cargo Handling Company jumped by 33.8% year-on-year (YoY) to EGP 1.70 billion in the first eleven months (11M) of fiscal year 2021/2022 from EGP 1.27 billion.

The company generated revenues of EGP 2.44 billion in the July-May period, up from EGP 2.15 billion in the year-ago period, according to a bourse filing on Thursday.

It is noteworthy to mention that in the first nine months (9M) of FY21/22, the net profits of Alexandria Container and Cargo Handling Company rose by 27.7% YoY to EGP 1.29 billion from EGP 1.01 billion.