Alexandria Containers announces full year net profit

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

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