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Alexandria Container posts 33.8% YoY profit increase in 11 months

Alexandria Container posts 33.8% YoY profit increase in 11 months

Arab FinanceAlexandria Container and Cargo Handling Company (ALCN) has reported a 33.8% year-on-year (YoY) increase in net profit after tax during the period from July 1st 2021 until May 31st 2022, according to the financial income statement filed to the Egyptian Exchange (EGX) on June 23rd.

The company’s profits after tax grew to EGP 1.705 billion in the 11-month period ended May 31st, compared to EGP 1.274 billion in the comparative period of fiscal year (FY) 2020/2021.

Revenues amounted to EGP 2.442 billion in the 11-month period ended May 31st from EGP 2.156 billion in the same period the FY before.

Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.

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