Alexandria Container and Cargo Handling Q1 profit ups 564mn Egyptian pounds

Egypt’s state-run Alexandria Container and Cargo Handling Company reported Sunday an increase in its first-quarter net profit to reach 564 ‍​million Egyptian pounds ($31.9 million).

Earlier, profit stood at 297.1 ‍​million pounds during the first quarter of 2016.

The company made revenues worth 702.2 ‍​million up from 414.5 ‍​million pounds last year. Source: Reuters