Cairo – Mubasher: United Arab Stevedoring’s modified financial results showed a 15.2% year-on-year decline in its losses during fiscal year 2018/2019.

The company suffered net losses of EGP 22.7 million from July 2018 to last June, compared to EGP 26.8 million in the corresponding period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Sunday.

Meanwhile, revenues fell to EGP 13.25 million in the twelve-month period ended 30 June from EGP 16.49 million in the year-ago period.

During the first eleven months of FY18/19, United Arab Stevedoring incurred net losses of EGP 20.71 million, compared to EGP 8.39 million in the same period of FY17/18.