Cairo – Mubasher: United Arab Stevedoring announced an annual decrease of 3.5% in net losses to EGP 28.09 million during fiscal year (FY) 2020/2021, compared to EGP 29.11 million in the prior FY.

Revenues grew to EGP 12.79 million during the FY from July 2020 until June 2021, from EGP 11.27 million in FY19/20, according to a bourse disclosure on Monday.

It is worth noting that during the first nine months of FY20/21, United Arab Stevedoring posted net losses of EGP 21.44 million, compared to EGP 22.65 million in the same period a year earlier.