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United Arab Stevedoring trims loss by 32.7% YoY in 9 months

United Arab Stevedoring trims loss by 32.7% YoY in 9 months

ArabFinanceUnited Arab Stevedoring Company (UASG) posted a 32.7% year-on-year (YoY) drop in net loss after tax for the first nine months of fiscal year (FY) 2021/2022, according to the company’s financial income statement filed to the Egyptian Exchange (EGX) on May 12th.

The company incurred a net loss after tax of EGP 14.40 million in the period starting July 1st 2021 until March 31st March 2022, compared to a loss of EGP 21.41 million in the same period of FY 2020/2021.

Moreover, the company generated a revenue of EGP 10.08 million in the nine-month period ended March 31 2022, up from EGP 9.28 million in the corresponding period of FY 2020/2021.

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 trailers, and semi-trailers. 

 

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