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FINANCIAL NEWS
Egypt’s Qalaa records net loss of USD26.95mn in Q1
05 Jul 2016
(MENAFN) Qalaa Holdings posted a 20 percent increase in whole revenues of USD0.18bn in Q1 of this year, compared to USD0.15bn in Q1 of 2015.
However, despite the increase in revenues the firm also recorded a net loss value USD26.95mn, greater than the USD13.23mn loss reported in 2015.
Qalaa Holdings, an African leader in energy and infrastructure proclaimed that its top-line growth was driven by operational improvement at ASEC Cement’s Sudan.
The Egyptian refining Co. (ERC), Egypt’s largest private sector megaproject is more than 85 percent finish, and the first on-spec product will be sold in 2017.
More News
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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