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United Arab Stevedoring reports 3.17% drop in FY 2020/2021 losses

United Arab Stevedoring reports 3.17% drop in FY 2020/2021 losses

ArabFinance:  United Arab Stevedoring Company (UASG) posted a 3.17% year-on-year (YoY) decline in net loss after tax for fiscal year (FY) 2020/2021, according to the company’s unaudited financial statement filed to the Egyptian Exchange (EGX).

The company has incurred a net loss after tax of EGP 28.187 million in FY 2020/2021, down from EGP 29.109 million in FY 2019/2020.

Revenues amounted to EGP 12.793 million in FY 2020/2021, up by 13.5% YoY from EGP 11.272 million.

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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