{"id":626465,"date":"2018-07-03T04:31:37","date_gmt":"2018-07-03T04:31:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/"},"modified":"2018-07-03T04:31:37","modified_gmt":"2018-07-03T04:31:37","slug":"earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/","title":{"rendered":"Earnings Watch: Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018"},"content":{"rendered":"

<\/a> EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018:<\/strong> Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf)<\/a><\/u>. The company\u2019s losses during the period narrowed by 54% y-o-y to EGP 186.7 mn, coming in part from lower losses from discontinued operations (down 89% y-o-y) as a result of the sale of Designopolis Mall<\/a><\/u>. \u201cQalaa is off to a strong start in 2018 with all key metrics delivering solid double-digit growth while our bottom-line losses have narrowed significantly in the first quarter of the year,\u201d said Chairman and Founder Ahmed Heikal.<\/p>\n

Looking ahead: Operations at the nearly USD 4 bn Egyptian Refining Company are set to start in 2019<\/strong> and Qalaa is looking to \u201cexplore options to increase [its] ownership in this mega project that will further solidify our position as a leading energy and infrastructure company,\u201d said Heikal. The company is also \u201cparticularly bullish on growth prospects for our mining and transportation platforms,\u201d said Co-Founder and Managing Director Hisham El Khazindar.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018: Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf). The company\u2019s losses during the period […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626465","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"017d3a0c-7b00-4fd8-9e38-f548114cc45d","order":"0","is_powered_by":true,"section_story_id":"b15a1efa-54f7-410b-9941-73bf397102c6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626457],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018 - 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\/07\/03\/earnings-watch-qalaa-holdings-revenues-rise-48-losses-narrow-54-y-o-y-in-1q2018\/\" \/>\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 revenues rise 48%, losses narrow 54% y-o-y in 1Q2018\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Qalaa Holdings revenues rise 48%, losses narrow 54% y-o-y in 1Q2018: Qalaa Holdings\u2019 revenues rose 48% y-o-y in 1Q2018 to EGP 3.1 bn \u201cdue to stellar performance of its key segments, broad-based economic recovery, and a favorable regulatory environment,\u201d the company said in a regulatory filing (pdf). 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Net profit climbed on\u2026","rel":"","context":"In "Speed Round"","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":553455,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/05\/earnings-watch-qalaa-juhayna-bdc-report-3q2021-results\/","url_meta":{"origin":626465,"position":3},"title":"Earnings watch: Qalaa, Juhayna, BdC report 3Q2021 results","author":"enterpriseam admin","date":"5 December 2021","format":false,"excerpt":"Qalaa Holdings\u2019 net losses narrowed slightly to EGP 440.7 mn in 3Q2021, down 0.6% y-o-y, according to the company\u2019s earnings release (pdf). Revenues soared 46% y-o-y to EGP 12.8 bn during the quarter, which the company says was buoyed by \u201ca global rally in commodity prices and improved refining margins\u201d\u2026","rel":"","context":"In "EARNINGS WATCH"","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":626465,"position":4},"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 "EARNINGS WATCH"","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":644967,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/09\/earnings-watch-qalaa-holdings\/","url_meta":{"origin":626465,"position":5},"title":"Earnings Watch: Qalaa Holdings","author":"enterpriseam admin","date":"9 July 2017","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings reported a net loss after minority interest of EGP 383.5 mn in 1Q207, compared to a loss of EGP 281.7 7mn in 1Q2016, according to the company's earnings release. While revenues grew by 22% year-on-year for the period, \u201cbottom-line profitability was weighed down by losses at\u2026","rel":"","context":"In "Speed Round"","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\/626465","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=626465"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626465\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626457"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626465"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626465"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}