United Arab Stevedoring’s losses down 34% YoY in FY2022/23

Updated 9/7/2023 10:38:00 AM
United Arab Stevedoring’s losses down 34% YoY in FY2022/23

Arab Finance: United Arab Stevedoring Company’s (UASG) net losses after tax saw a 34.06% year-on-year (YoY) downtick to EGP 14.414 million in fiscal year (FY) 2022/2023, compared to EGP 21.860 million, according to the company’s financial indicators.

Meanwhile, revenues hit EGP 17.424 million, up from EGP 13.480 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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