Alexandria Container’s unaudited financials show higher net profits in 4M

Cairo – Mubasher: The unaudited income statements of Alexandria Container and Cargo Handling Company indicated a net profit after tax worth EGP 448.15 million during the first four months of fiscal year (FY) 2021/2022.

The profits were 22% year-on-year (YoY) higher than EGP 368.78 million in July-October 2020, yet lower by 6% than the targeted amount of EGP 476.44 million for the first four months of FY21/22.

Revenues inched down 0.4% YoY to EGP 718.14 million in the four-month period this year from EGP 721.3 million, yet registered a 15% plunge from the EGP 848.52 million targeted amount for the July-October 2021 period.

It is worth noting that the company posted net profits of EGP 336.33 million in the first quarter (Q1) of FY21/22.

Mubasher Contribution Time: 22-Nov-2021 13:52 (GMT)
Mubasher Last Update Time: 22-Nov-2021 13:52 (GMT)