Port Said Container & Cargo Handling Co. held a general assembly on 8th February 2017. It was under the presidency of Admiral Mohammed Ibrahim Youssef, chairman of board of directors of the Holding Company for Maritime and Land Transport. The general assembly adopted the estimated budget’s items for the fiscal year 2017/2018. The budget set the main activity revenues 750 million LE, with after taxes net profit of 400 million LE.
It is worth mentioning that the company’s marketing efforts, in the field of cargo handling, resulted in signing contract with UAE Company to unload, a minimum of 500 thousand tons of grain per year. As for container handling, negotiations with some shipping lines are underway to attract new services and alliances to the company’s container terminal, starting from next 1st April.