Cairo - Mubasher: United Arab Stevedoring posted an increase in losses during the ten-month period that ended 30 April 2017, as shown by the company’s financial statements.

Losses increased 17.2% to EGP 18.8 million between July 2016 and April 2017 compared to EGP 16.04 million for the same period the year, due to a decline in revenues, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

Revenues decreased to EGP 8.02 million down from EGP 9.7 million between July 2015 and April 2016, the statement noted.