United Arab Stevedoring’s losses fall 43.4% YoY in over 5 months

Updated 3/27/2024 11:42:00 AM
United Arab Stevedoring’s losses fall 43.4% YoY in over 5 months

Arab Finance: United Arab Stevedoring Company’s (UASG) net losses after tax saw a 43.4% year-on-year (YoY) decrease to EGP 5.034 million in the July 1st - December 7th period of 2023, compared to EGP 8.893 million over the six months to December 31st, 2022, as per a filing.

Meanwhile, revenues came in at EGP 2.588 million, up from EGP 9.153 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 trailers, and semi-trailers.

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