Egypt: Alexandria Container logs $125mln profits in FY23/24

The generated net profits were higher by 40% year-on-year (YoY) than EGP 4.38 billion, according to the financial results

Staff Writer, Mubasher

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Alexandria Container and Cargo Handling Company recorded net profits after tax valued at EGP 6.13 billion in fiscal year (FY) 2023/2024.

The generated net profits were higher by 40% year-on-year (YoY) than EGP 4.38 billion, according to the financial results.

Revenues hit EGP 6.44 billion in July 2023-June 2024, up 30% from EGP 4.96 billion a year earlier.

In the nine-month period that ended on 31 March 2024, the company’s net profits witnessed 26% YoY to EGP 4.02 billion, compared to EGP 3.19 billion.

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