The board of United Arab Stevedoring Co. endorsed on April 7 the estimated budget for FY14/15.
The budget estimate shows targeting EGP 24 thousand net profit, EGP 38.114 million total revenues and EGP 39.090 million total expenses. The company’s investment plan for FY14/15 is estimated at nearly EGP 11.520 million.
The board had ratified unaudited financial results for FY13/14, showing net loss of EGP 10.8 million, widening 78.5% from EGP 6 million net loss in the same period a year earlier.