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United Arab Stevedoring loss shrinks

United Arab Stevedoring loss shrinks

ArabFinance: The United Arab Stevedoring Company reported a 7.3% Year on Year decline in its net loss in the first three months of the fiscal year (FY) 2020/2021, according to the company’s November 8th statement filed to the Egyptian Exchange.

Net loss after tax stood at EGP 6.580 million in the July-September period of 2020, compared to EGP 7.099 million incurred in the prior-year period.

The company suffered a net loss of EGP 22.657 million in the first nine months of fiscal year 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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