ALCNAustralian Learning Communities Network, Inc.
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Sources added that the Completion of Terminal 96 deepening project phase 1 is expected to be finalised by the end of the current calendar year (Nov-Dec 2019), and would allow ALCN to maintain a year-over-year (yo-y) growth rate of 12% on average in number of containers handled.
As regards to earnings expectations, it is expected that ALCN will achieve A y-o-y decline of 4% in revenues, dropping to EGP 2.87bn in fiscal year (FY) 2018/19, with a decline of 9.2% and 9.6% in gross profit and EBITDA to record EGP 1.9bn and EGP 1.7bn respectively.
The Alexandria Container and Cargo Handling (ALCN) targets an increase of 2% in net profits in the fiscal year 2017-2018.
ALCN seeks to achieve net profits of EGP 1.5bn through fiscal year (FY) 2017/18 compared with EGP 1.47bn it targeted to achieve in 2016/17.