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Qalaa Holdings’ bottomline leaps in 3Q 2023
An overhaul of the Egyptian Refining Company helped boost revenues
Qalaa’s Egyptian Refining Company earmarks USD 150 mn to boost production
ERC is expected to log USD 3 bn in revenues this year
Qalaa Holdings reports 2Q loss on higher borrowing costs
Solid growth at Taqa Arabia helped offset a drop in revenues at the ERC
Qalaa Holdings remains profitable during 3Q 2022
Qalaa Holdings returned to the black in 3Q 2022, reporting a EGP 16.7 mn profit against a EGP 440.7 mn…
Qalaa Holdings reports first quarter in black since 2018 in 2Q 2022
Qalaa Holdings returned to the black for the first quarter since 2018 in 2Q 2022 on the back of record…
UPDATED- ERC kicks off its debt restructuring plan
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks for a debt restructuring agreement, ERC President Mohamed Saad said on…
Qalaa losses ease in 2Q2021 on stronger revenues
Qalaa Holdings’ losses eased to EGP 401.5 mn in 2Q2021 from EGP 712.1 mn in the same period last year,…
Qalaa Holdings reports 3Q2020 results
Qalaa Holdings reported a consolidated net loss after minority interest of EGP 450 mn in 3Q2020, widening its losses from…
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