The board of United Arab Stevedoring Co. approved the financial indicators for the fiscal year the ended on June 30, 2014, showing that net loss deepened 58% to EGP 21.1 million from EGP 13.4 million a year earlier.
FY13/14 revenues totaled EGP 7.6 million, compared with EGP 3.6 million in FY12/13.
The company’s financial results for the 11-month period till May 31, 2014 had reflected net loss of EGP 20.5 million, deepening 67% from EGP 12.3 million incurred in the same period a year earlier.
The company had posted EGP 1.4 million net loss in May, widening 8% y/y from EGP 1.3 million net loss.