Cairo – Mubasher: United Arab Stevedoring said its board of directors approved the estimated budget for the fiscal year 2017 – 2018, where it targets net profits of EGP 1.3 million.

The company also eyes EGP 32.4 million in revenues for FY 2017 – 2018.

The company noted that it has allocated EGP 22.2 million for expenditures for FY 2017 – 2018, but did not determine the targeted investments until it secure the needed financial sources.

The company pointed out that it will provide the necessary finance through either capital hike or entering a partnership.