Alexandria Container and Cargo Handling Company (ALCN) sees achieving net profit and revenue of EGP 1.558 billion and EGP 2.694 billion, respectively, for fiscal year (FY) 2020/2021, according to the company’s disclosure filed to the Egyptian Exchange.
On May 9th, the company’s ordinary general assembly ratified the FY2020/2021’s budget and the self-financing investment plan of EGP 241.975 million.
In the nine months of FY2019/2020, the company posted a net profit of EGP 1,040,202,432, a 23% Year on Year decline from EGP 1,348,625,000 achieved in the prior-year period.
Alexandria Container is an Egypt-based public shareholding company engaged in the marine port services sector. The company specializes in the container and cargo handling in Egyptian ports. It also offers a range of maritime services, including stevedoring and storage, security, the tariff of both domestic and foreign trade, and transshipment container handling in the East Mediterranean.
Source: Arab Finance Brokerage Company