Egypt’s Qalaa Holdings profits grow by 11pct

07 Oct 2016

(MENAFN) Qalaa Holdings recorded an increase in revenues with an annual rate of 11 percent, reaching EGP1.8bn amid Q4 of this year.

Additionally, net losses of the firm reached EGP287.1mn amid the second quarter of the current year.

Among the Jan-June period of this year, Qalaa”s revenues reached EGP3.5bn, while net losses reached EGP529.8mn.

The firm also posted non-cash expenses worth EGP315.1mn amid the second quarter of this year.

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