{"id":605138,"date":"2018-12-23T04:40:13","date_gmt":"2018-12-23T04:40:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/"},"modified":"2018-12-23T04:40:13","modified_gmt":"2018-12-23T04:40:13","slug":"earnings-watch-qalaa-holdings-reports-3q18-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/","title":{"rendered":"Earnings watch: Qalaa Holdings reports 3Q18 results"},"content":{"rendered":"<p><b>EARNINGS WATCH- Qalaa Holdings recorded a net profit of EGP 126.4 mn in 3Q2018,<\/b> up from a net loss of EGP 311.8 mn during the same period last year, according to the <a href=\"http:\/\/resources.inktankir.com\/qh\/QH-3Q18-Earnings-Release-E-FINAL-2.pdf\">company\u2019s earnings release (pdf)<\/a>. Qalaa\u2019s revenues rose 40% y-o-y in 3Q2018 to EGP 3.3 bn \u201con the back of strong results from its energy subsidiary, TAQA Arabia, and the consolidation of National Printing.\u201d The company\u2019s mining division, as well as its transport and logistics division, also contributed to the quarter\u2019s consolidated revenue growth. The sole outlier was its cement division, which \u201crecorded a 20% y-o-y decline in revenues in 3Q18.\u201d Commenting on the results, Qalaa Holdings Chairman and Founder Ahmed Heikal said, \u201cQalaa delivered a solid operational performance during the third quarter of 2018, building on the positive growth trajectory since the beginning of the year.\u201d<\/p>\n<p><b>Looking ahead:<\/b> \u201cIn the upcoming year, the Group will continue to focus on growing its core subsidiaries, while continuing to divest from its non-core businesses and disposing or consolidating Qalaa\u2019s minority investments. Solid growth trajectories across Qalaa\u2019s divisions, multiple operational improvements throughout 2018, the imminent start of production at ERC and completing the clean-up of the Group\u2019s financials leave us confident that the coming quarters will gradually bring Qalaa back to operational profitability and allow us to create new value for our shareholders,\u201d Co-Founder and Managing Director Hisham El Khazindar said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Qalaa Holdings recorded a net profit of EGP 126.4 mn in 3Q2018, up from a net loss of EGP 311.8 mn during the same period last year, according to the company\u2019s earnings release (pdf). Qalaa\u2019s revenues rose 40% y-o-y in 3Q2018 to EGP 3.3 bn \u201con the back of strong results from its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[302,72,613,2380,615],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605138","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-enterpriseam","tag-qalaa-holdings","tag-speed-round","tag-taqa-arabia","wpautop","entry"],"acf":{"mongo_id":"47d8d7f9-ebe4-4952-8cf3-cc6784c0174a","order":"0","is_powered_by":true,"section_story_id":"4024760b-2891-4716-88f8-7e1c3c2316c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605115],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings watch: Qalaa Holdings reports 3Q18 results - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Qalaa Holdings reports 3Q18 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Qalaa Holdings recorded a net profit of EGP 126.4 mn in 3Q2018, up from a net loss of EGP 311.8 mn during the same period last year, according to the company\u2019s earnings release (pdf). Qalaa\u2019s revenues rose 40% y-o-y in 3Q2018 to EGP 3.3 bn \u201con the back of strong results from its [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-23T04:40:13+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings watch: Qalaa Holdings reports 3Q18 results\",\"datePublished\":\"2018-12-23T04:40:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\"},\"wordCount\":236,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"EnterpriseAM\",\"Qalaa Holdings\",\"SPEED ROUND\",\"TAQA Arabia\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/23\/earnings-watch-qalaa-holdings-reports-3q18-results\/\",\"name\":\"Earnings watch: Qalaa Holdings reports 3Q18 results - 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TAQA booked a y-o-y growth of 30% in 3Q219. Qalaa Holdings booked a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549821,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/02\/qalaa-holdings-reports-first-quarter-in-black-since-2018-in-2q-2022\/","url_meta":{"origin":605138,"position":1},"title":"Qalaa Holdings reports first quarter in black since 2018 in 2Q 2022","author":"enterpriseam admin","date":"2 October 2022","format":false,"excerpt":"Qalaa Holdings returned to the black for the first quarter since 2018 in 2Q 2022 on the back of record revenues driven by improved refining margins at the Egyptian Refining Company (ERC). The company generated a net income of EGP 361.6 mn during the April-June quarter, compared to EGP 401.5\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/102.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546194,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/qalaa-losses-narrow-in-2021\/","url_meta":{"origin":605138,"position":2},"title":"Qalaa losses narrow in 2021","author":"enterpriseam admin","date":"8 May 2022","format":false,"excerpt":"Rising revenues helped Qalaa Holdings to narrow its losses to EGP 2.3 bn in 2021 from EGP 2.6 bn the year before, according to the company\u2019s full year earnings release (pdf). Revenues rose 27% y-o-y to EGP 45.8 bn during the 12-month period on higher commodity prices and improved refining\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":557239,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/12\/qalaa-losses-ease-in-2q2021-on-stronger-revenues\/","url_meta":{"origin":605138,"position":3},"title":"Qalaa losses ease in 2Q2021 on stronger revenues","author":"enterpriseam admin","date":"12 September 2021","format":false,"excerpt":"Qalaa Holdings\u2019 losses eased to EGP 401.5 mn in 2Q2021 from EGP 712.1 mn in the same period last year, according to the company\u2019s earnings release (pdf). Revenues were up 37% y-o-y to hit EGP 10.2 bn in the April-June period, extending pandemic-era growth that saw the company\u2019s top line\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595499,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/earnings-watch-qalaa-holdings-revenues-rise-8-y-o-y-in-2q2019\/","url_meta":{"origin":605138,"position":4},"title":"Earnings watch: Qalaa Holdings revenues rise 8% y-o-y in 2Q2019","author":"enterpriseam admin","date":"29 September 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues rose 8% y-o-y in 2Q2019 to EGP 3.5 bn \u201cdriven by solid top line performance at TAQA Arabia,\u201d the company\u2019s energy platform, Qalaa said in its earnings release (pdf). TAQA\u2019s revenues grew 33% y-o-y during the quarter. ERC set to come online in 4Q2019: The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596632,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-13-y-o-y-in-1q2019-to-egp-3-4-bn\/","url_meta":{"origin":605138,"position":5},"title":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues rise 13% y-o-y in 1Q2019 to EGP 3.4 bn","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings revenues rise 13%, losses narrow to EGP 154.6 mn: Qalaa Holdings\u2019 revenues rose 13% y-o-y in 1Q2019 to EGP 3.4 bn \u201con the back of robust results posted across its subsidiaries,\u201d the company said in its earnings release (pdf). The company singled out its energy platform,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=605138"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/605138\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/605115"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=605138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=605138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=605138"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=605138"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=605138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}