Cairo – Mubasher: The unaudited financial results of Alexandria Container and Cargo Handling Co showed a 33.6% year-on-year (YoY) drop in its net profits, logging EGP 277.735 million in the first quarter of fiscal year 2020/2021, compared to EGP 418.2 million.
The company generated EGP 547.87 million in revenue in the July-September period, down from EGP 670.26 million, according to a bourse disclosure on Sunday.
During FY19/20, the company’s net profits amounted to EGP 1.48 billion, compared to EGP 1.83 billion a year earlier.
