Earnings Report /
Egypt

Alexandria Containers and Cargo: 1Q21/22 – from one hit to the other; maintain Equalweight

  • Rise in prices not enough to save top-line from drop in volumes

  • Healthy levels of margins maintained; Supported by cost control

  • Bottom line shows sequential rise but annual drop; NPM moves positively

Marina William
Al Ahly Pharos Securities Brokerage
8 November 2021