{"id":638311,"date":"2017-10-02T03:40:58","date_gmt":"2017-10-02T03:40:58","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/earnings-watch-2\/"},"modified":"2017-10-02T03:40:58","modified_gmt":"2017-10-02T03:40:58","slug":"earnings-watch-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/earnings-watch-2\/","title":{"rendered":"EARNINGS WATCH"},"content":{"rendered":"<p><strong>EARNINGS WATCH-<\/strong> Qalaa Holdings reported a net loss after minority interest of EGP 2.8 bn in 2Q2017, compared to a loss of EGP 277.5 mn in 2Q2016. While net revenues grew 25% y-o-y in 2Q2017 to EGP 2.3 bn, the decision to fully impair Africa Railways\u2019 assets in Kenya \u201ctook a heavy toll on [Qalaa Holdings\u2019] for the quarter nearing EGP 2.7 bn,\u201d <a href=\"http:\/\/s3.amazonaws.com\/inktankir2\/qh\/QH%20BR%202Q17%20-%20E%20-%20FINAL%20-%203.pdf\">the company said in its earnings release (pdf)<\/a>. Nonetheless, management says an upswing in the Egyptian economy leaves the company confident of its ability to capture \u201cthe new favorable economic framework,\u201d said Chairman and Founder Ahmed Heikal. \u201cWith our investment portfolio increasingly optimized for today\u2019s economic realities, and with Egyptian Refining Company now 95% complete, we are reaching a watershed moment in our transformation into a lean and profitable company that maximizes value for shareholders,\u201d said Co-Founder and Managing Director Hisham El-Khazindar.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- Qalaa Holdings reported a net loss after minority interest of EGP 2.8 bn in 2Q2017, compared to a loss of EGP 277.5 mn in 2Q2016. While net revenues grew 25% y-o-y in 2Q2017 to EGP 2.3 bn, the decision to fully impair Africa Railways\u2019 assets in Kenya \u201ctook a heavy toll on [Qalaa [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638311","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5ff8aca4-1ff3-4daf-a8d2-00ac5f5fa7b6","order":"0","is_powered_by":true,"section_story_id":"19068564-2470-47f1-8879-0ab6fb001411","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638298],"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 - 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\/2017\/10\/02\/earnings-watch-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EARNINGS WATCH\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Qalaa Holdings reported a net loss after minority interest of EGP 2.8 bn in 2Q2017, compared to a loss of EGP 277.5 mn in 2Q2016. 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The revenue growth came as Qalaa\u2019s flagship greenfield Egyptian Refining Company \u2014 which began operating at 100% capacity in 2019 \u2014 began booking sales revenue as an\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":598218,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/earnings-watch-qalaa-holdings-reports-egp-1-35-bn-net-profit-in-2018\/","url_meta":{"origin":638311,"position":1},"title":"Earnings watch: Qalaa Holdings reports EGP 1.35 bn net profit in 2018","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings has reported a net profit of EGP 1.35 bn in 2018, compared to a loss of EGP 4.71 bn in 2017, according to the company\u2019s earnings release (pdf). Revenues jumped 25% y-o-y to EGP 13.17 bn during the year, up from EGP 10.55 bn in 2017,\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":571249,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/05\/earnings-watch-cib-qalaa-holdings-report-1q2020-earnings\/","url_meta":{"origin":638311,"position":2},"title":"Earnings watch: CIB, Qalaa Holdings report 1Q2020 earnings","author":"enterpriseam admin","date":"5 May 2020","format":false,"excerpt":"EARNINGS WATCH- CIB profits fall 9% in 1Q2020: CIB\u2019s net profits fell 9% y-o-y to EGP 2.4 bn during the first quarter of 2020 as the country\u2019s largest private-sector bank took larger provisions in the first quarter \u201cto ensure the Bank\u2019s continued solid financial position remains intact amidst current uncertainties,\u201d\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":638311,"position":3},"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":[]},{"id":567986,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/qalaa-holdings-reports-3q2020-results\/","url_meta":{"origin":638311,"position":4},"title":"Qalaa Holdings reports 3Q2020 results","author":"enterpriseam admin","date":"14 December 2020","format":false,"excerpt":"Qalaa Holdings reported a consolidated net loss after minority interest of EGP 450 mn in 3Q2020, widening its losses from EGP 395 mn in 3Q2019, according to the company\u2019s earnings release (pdf). The wider loss comes despite Qalaa\u2019s top line more than doubling to EGP 8.7 bn in 3Q2020, from\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":591942,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/qalaa-holdings-revenues-rose-21-y-o-y-in-3q2019\/","url_meta":{"origin":638311,"position":5},"title":"Qalaa Holdings revenues rose 21% y-o-y in 3Q2019","author":"enterpriseam admin","date":"22 December 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings revenues rose 21% y-o-y in 3Q2019 to EGP 3.9 bn on the back of a broad-based expansion in volumes at TAQA Arabia, the company\u2019s energy platform, Qalaa said in its earnings release (pdf). TAQA booked a y-o-y growth of 30% in 3Q219. 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