Alexandria Container and Cargo Handling Company reported a significant financial performance in the first quarter (Q1) of fiscal year (FY) 2024/2025. The company’s net profit after tax surged by 88% year-on-year (YoY), reaching EGP 1.84 billion, up from EGP 979.97 million in the same period last year. This substantial increase was driven by a 75% YoY rise in sales, which totaled EGP 1.93 billion between July 1 and September 30, 2024, compared to EGP 1.10 billion in the corresponding period of the previous year.
The company’s board of directors approved these unaudited financial results during their meeting on November 5, 2024. Additionally, in the previous fiscal year (FY 2023/2024), Alexandria Container and Cargo Handling Company reported net profits after tax amounting to EGP 6.28 billion, as per its audited financial statements.
These figures underscore the company’s robust financial health and its capacity to achieve substantial growth in both revenue and profitability.