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English news

07-Nov-2016

Alexandria Containers reports EGP297mn profit in 1Q16/17

Alexandria Containers [ALCN.CA] has reported its 1Q16/17 financial results, showing profit of EGP297mn (+7% Y-o-Y, -7% Q-o-Q). Revenues came in at EGP415mn (+11% Y-o-Y, -24% Q-o-Q ), while gross profit came in at EGP290mn (+5% Y-o-Y, -22% Q-o-Q). On a quarterly basis, the drop in earnings was mainly a reflection of the seasonal impact on throughput, which contracted 15% Q-o-Q and 4% Y-o-Y. (Company disclosure)

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