{"id":642704,"date":"2017-08-21T04:04:51","date_gmt":"2017-08-21T04:04:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/earnings-watch-egyptian-resorts-company-2\/"},"modified":"2017-08-21T04:04:51","modified_gmt":"2017-08-21T04:04:51","slug":"earnings-watch-egyptian-resorts-company-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/earnings-watch-egyptian-resorts-company-2\/","title":{"rendered":"Earnings watch: Egyptian Resorts Company"},"content":{"rendered":"

EARNINGS WATCH- Egyptian Resorts Company (ERC) <\/strong>reported a consolidated<\/strong>net profit (pdf)<\/strong><\/a> of EGP 61 mn in 1H2017<\/strong>, up from a net loss of EGP 37 mn in 1H2016. Net revenues in 1H2017 were EGP 150 mn, up from EGP 16 mn in the same period last year on the back of land sales. \u201c[ERC] capitalized on ramped up marketing efforts and increased visibility during the months leading to summer,\u201d the company said. \u201cRevenue growth for [the] six-month period was also driven by higher proceeds from services rendered and utilities as the warmer weather attracted Sahl Hasheesh\u2019s seasonal inhabitants and holiday-goers.\u201d The company plans to expand its offerings across the real estate value chain and diversify its product offering in the coming period.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Egyptian Resorts Company (ERC) reported a consolidatednet profit (pdf) of EGP 61 mn in 1H2017, up from a net loss of EGP 37 mn in 1H2016. Net revenues in 1H2017 were EGP 150 mn, up from EGP 16 mn in the same period last year on the back of land sales. \u201c[ERC] capitalized […]<\/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-642704","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"2cb8247e-4758-4c38-902a-7c954d404473","order":"0","is_powered_by":true,"section_story_id":"d99acbc1-f259-431e-b1f2-6f6bcbdbf5c0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642693],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Egyptian Resorts Company - 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\/08\/21\/earnings-watch-egyptian-resorts-company-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Egyptian Resorts Company\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Egyptian Resorts Company (ERC) reported a consolidatednet profit (pdf) of EGP 61 mn in 1H2017, up from a net loss of EGP 37 mn in 1H2016. 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Pre-tax profits rose to USD 191 mn during the\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":625644,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/12\/erc-obour-land-report-1h2018-results\/","url_meta":{"origin":642704,"position":1},"title":"ERC, Obour Land report 1H2018 results","author":"enterpriseam admin","date":"12 August 2018","format":false,"excerpt":"EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 9.3 mn in 1H2018, down from a net profit of EGP 47.5 mn in the comparable period last year, according to the company\u2019s earnings release (pdf). Revenues were 53% lower y-o-y at EGP 63 mn, due to slowed\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":645947,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/earnings-watch-egyptian-resorts-company-and-raya-contact-center\/","url_meta":{"origin":642704,"position":2},"title":"Earnings watch: Egyptian Resorts Company and Raya Contact Center","author":"enterpriseam admin","date":"1 June 2017","format":false,"excerpt":"EARNINGS WATCH- Egyptian Resorts Company (ERC) reported a consolidated net profit of EGP 66.1 mn in 1Q2017, up from a net loss of EGP 1.4 mn in the same period last year. 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