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United Arab Stevedoring’s loss down 5% in nine months

United Arab Stevedoring’s loss down 5% in nine months
The company’s revenues increased to EGP 9.28 million
AELOAD
UASG
4.52% 0.92 0.04

Cairo – Mubasher: United Arab Stevedoring incurred net losses of EGP 21.44 million in the first nine months of fiscal year (FY) 2020/2021, down by 5.3% year-on-year (YoY) from EGP 22.65 million, the unaudited financial results showed.

The company’s revenues increased to EGP 9.28 million in the nine-month period ended 31 March, compared to EGP 8.35 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday.

During the first half (H1) of FY20/21, the company posted net losses of EGP 15.03 million, down from EGP 15.67 million in the same period a year earlier.