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United Arab Stevedoring losses decline 6% in 2 months

United Arab Stevedoring losses decline 6% in 2 months
Photo Credit: Arabianeye-Reuters
AELOAD
UASG
-2.42% 0.81 -0.02

Cairo - Mubasher: United Arab Stevedoring's financial statements reflected that the company's losses narrowed by 6% y-o-y through July and August.

The company suffered EGP 4.1 million in losses in those two months of 2015, compared with EGP 4.4 million for the comparable period in the previous year.

Meanwhile, the firm saw total revenues of EGP 1.3 billion within this period, compared with EGP 1.21 million for the same months a year earlier.

The company is capitalised at EGP 200 million, distributed across 200 million shares at EGP 1 par value each.