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United Arab Stevedoring loss widens

United Arab Stevedoring loss widens

ArabFinance: United Arab Stevedoring reported a loss of EGP 29.109 million in the fiscal year (FY) 2019/20220, according to the amended financial statements filed to the Egyptian Exchange.

This marked a 28% Year on Year increase from the EGP 22.701 million incurred in FY 2018/2019.

The company suffered a net loss of EGP 22.657 million in the first nine months of FY 2019/2020, a rise from EGP 18.927 million posted in the same period a year earlier.

United Arab Stevedoring, formerly United Arab Shipping Company, is an Egypt-based company engaged in the marine port services industry sector. The company primarily is involved in loading and unloading activities at the Alexandria and Dekheilla ports in Egypt.  It owns a fleet of trucks, trailers, single-semi trailer and semi-trailer. 


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