Cairo – Mubasher: United Arab Stevedoring's losses retreated to EGP 8.29 million in the first five months (5M) of fiscal year (FY) 2021/2022, down by 24.2% year-on-year (YoY) from EGP 10.94 million, the financial results showed.
The company’s revenues grew to EGP 6.77 million in the July- November 2021 period, compared to EGP 5.30 million in the corresponding period a year earlier.
It is worth noting that during FY20/21, the net losses of United Arab Stevedoring declined by 3.5% to EGP 28.09 million from EGP 29.11 million in the prior FY.
