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United Arab Stevedoring’s board oks estimated budget for FY 2021/2022

United Arab Stevedoring’s board oks estimated budget for FY 2021/2022

ArabFinance:  United Arab Stevedoring Company’s (UASG) ordinary general assembly approved the estimated budget for fiscal year (FY) 2021/2022, according to the company’s statement to the Egyptian Exchange on June 27th.

The company eyes EGP 22.4 million in revenues, and a net loss of EGP 10.53 million in FY 2021/2022.

The unaudited financial statements showed that the company incurred a net loss of EGP 21.44 million by the end of March 2021, compared to EGP 22.65 million in the same period of the prior year.

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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