ACCHC 2H 2023 bottomline increases 23% y-o-y to EGP 2.2 bn

Alexandria Container and Cargo Handling Company’s (ACCHC) bottomline jumped 23% y-o-y to EGP 2.2 bn in 2H 2023, compared to EGP 2 bn for the same period last year, according to a disclosure to the EGX (pdf). The EGX-listed company also reported a 25% y-o-y increase in its topline for 2H 2023, recording EGP 2.5 bn in revenues, the disclosure said.

REMEMBER- Abu Dhabi wealth fund ADQ snapped up stakes in ACCHC, alongside five other Egyptian state-owned companies, for around USD 1.8 bn as part of the USD 2 bn investment they had agreed to back in March 2022.