Cairo – Mubasher: The unaudited financial results of Alexandria Container and Cargo Handling Co showed a 22.9% year-on-year (YoY) decline in its net profits during the first nine months of the fiscal year 2019/2020.
The company’s net profits fell to EGP 1.04 billion in the nine-month period ended 31 March, compared to EGP 1.35 billion in the year-ago period, according to a bourse statement on Thursday.
Meanwhile, revenues slid to EGP 1.8 billion from July 2019 to last March, compared to EGP 2.07 billion in the corresponding period a year earlier.
