Egypt: Alexandria Container’s profits grow 88% YoY in Q1 FY2024/25

The company’s net profits after tax surged to EGP 1.842 billion in the July-September period of last year from EGP 979.974 million over the same period a year earlier

Staff Writer, Arab Finance

November 6, 2024

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Alexandria Container and Cargo Handling Company (ALCN) posted an 88% year-on-year (YoY) increase in net profits after tax during the first quarter (Q1) of the fiscal year (FY) 2024/2025, according to the financial indicators.

The company’s net profits after tax surged to EGP 1.842 billion in the July-September period of last year from EGP 979.974 million over the same period a year earlier.

Meanwhile, sales jumped 75% YoY to EGP 1.934 billion from EGP 1.103 billion.

Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.

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