Alexandria Container and Cargo Handling Company’s ordinary general meeting (OGM) has approved the estimated budget for the fiscal year 2017-2018, with a target profit of EGP 1.5 billion.
The company set an investment budget of EGP 102.3 million for the next year, while core earnings are estimated at EGP 2.25 billion, according to a bourse filing.
The OGM also agreed to increase the investment budget for the current fiscal year from EGP 204 million to EGP 214.05 million.
Furthermore, shareholders approved to raise the company’s stake in Egyptian Company for Integrated Projects Company by EGP 652,200 to EGP 13.65 million.
