{"id":644051,"date":"2024-09-19T00:00:00","date_gmt":"2024-09-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/"},"modified":"2024-09-19T00:00:00","modified_gmt":"2024-09-19T00:00:00","slug":"qalaa-holdings-sees-revenues-income-rise-in-1q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/","title":{"rendered":"Qalaa Holdings sees revenues, income rise in 1Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>A good start to the year for Qalaa Holdings:<\/strong> Qalaa Holdings saw its net income after minority interest jump to EGP 7.2 bn up from the EGP 73 mn recorded during the same period last year, according to the company\u2019s latest <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1443.pdf\" style=\"\" rel=\"noopener\">earnin<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1443.pdf\" style=\"\" rel=\"noopener\">gs re<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/9\/1443.pdf\" style=\"\" rel=\"noopener\">lease (pdf)<\/a>. Qalaa\u2019s revenues recorded a 45% y-o-y jump in the same period to EGP 37.6 bn, \u201cmainly driven by [Egyptian Refining Company\u2019s] USD-denominated revenue, and was further boosted by broad-based growth across most subsidiaries.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> This significant rise in the company\u2019s net income was primarily attributed to a EGP 9.7 bn gain associated with the Financial Holdings International (FHI) settlement \u2014 during the quarter, Qalaa settled a bulk of its liabilities and those of its subsidiaries owed to FHI.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember: <\/strong>Qalaa is on a mission to try and reduce its debt levels, with the company\u2019s consolidated debt standing at EGP 111.2 bn at the end of the first quarter. Of the company\u2019s total consolidated debt, 72.5% is related to its Egyptian Refining Company (ERC) \u2014 a multi-bn USD greenfield refinery in Mostorod funded by debt that Qalaa has since struggled to pay off despite its businesses achieving good returns. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Onward looking: <\/strong>\u201cWhile the domestic economy continues to go through a challenging period, where the difficulties faced at home are further exacerbated by the current state of global macroeconomic uncertainty as well as the armed conflicts taking place around us, Qalaa remains well-positioned to overcome these challenges, thanks to our resilience, flexibility, and efficiency, which are ingrained into the core of our DNA,\u201d Qalaa founder and chairman Ahmed Heikal said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Qalaa\u2019s efforts to settle its debts ramped up in 2Q: <\/strong>The company's next quarterly earnings release will reflect it settling EGP 3.3 bn worth of debt with a group of local banks <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60b57930-a5be-41fc-bb02-f4f2b0945ed1\/%253cmark%253eqalaa%253c%2Fmark%253e-settles-egp-3.34-bn-of-debt-in-exchange-for-a-stake-in-taqa\" style=\"\" rel=\"noopener\">in exchange for<\/a> a 17.7% stake in its Taqa Energy subsidiary. Also reflected, will be Qalaa\u2019s USD 28 mn <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a85e72e7-a641-4739-93ec-05187b6b74a5\/phase-two-of%253cmark%253e-qalaa%253c%2Fmark%253e%25e2%2580%2599s-debt-buyback-program-oversubscribed\" style=\"\" rel=\"noopener\">debt buyback program<\/a> that\u2019s part of a wider plan to retire some USD 430 mn in foreign-currency debt. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qalaa Holdings saw its net income after minority interest jump to EGP 7.2 bn<\/p>\n","protected":false},"author":1,"featured_media":644052,"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":[7208],"tags":[409,2391,72,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-644051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-egyptian-refining-company","tag-enterpriseam","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"bb3f2680-950c-45c3-b9e6-8cf85f4bc605","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/1511.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qalaa Holdings sees revenues, income rise in 1Q 2024","related_issue":[644036],"teaser":"Qalaa Holdings saw its net income after minority interest jump to EGP 7.2 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.6a1a3382-4e40-43fe-86e6-74fa223ae4ff.mp3"},"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>Qalaa Holdings sees revenues, income rise in 1Q 2024 - 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\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qalaa Holdings sees revenues, income rise in 1Q 2024\" \/>\n<meta property=\"og:description\" content=\"Qalaa Holdings saw its net income after minority interest jump to EGP 7.2 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Qalaa Holdings sees revenues, income rise in 1Q 2024\",\"datePublished\":\"2024-09-19T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\"},\"wordCount\":340,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1\",\"keywords\":[\"earnings watch\",\"Egyptian Refining Company\",\"EnterpriseAM\",\"Qalaa Holdings\"],\"articleSection\":[\"EARNINGS WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\",\"name\":\"Qalaa Holdings sees revenues, income rise in 1Q 2024 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Qalaa Holdings sees revenues, income rise in 1Q 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Qalaa Holdings sees revenues, income rise in 1Q 2024 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/","og_locale":"en_US","og_type":"article","og_title":"Qalaa Holdings sees revenues, income rise in 1Q 2024","og_description":"Qalaa Holdings saw its net income after minority interest jump to EGP 7.2 bn","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-09-19T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Qalaa Holdings sees revenues, income rise in 1Q 2024","datePublished":"2024-09-19T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/"},"wordCount":340,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1","keywords":["earnings watch","Egyptian Refining Company","EnterpriseAM","Qalaa Holdings"],"articleSection":["EARNINGS WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/","name":"Qalaa Holdings sees revenues, income rise in 1Q 2024 - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1","datePublished":"2024-09-19T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/19\/qalaa-holdings-sees-revenues-income-rise-in-1q-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Qalaa Holdings sees revenues, income rise in 1Q 2024"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1511.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":619650,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/08\/qalaa-holdings-bottomline-increased-five-fold-in-2023-on-the-back-of-stake-sale\/","url_meta":{"origin":644051,"position":0},"title":"Qalaa Holdings\u2019 bottomline increased five-fold in 2023 on the back of stake sale","author":"enterpriseam admin","date":"8 May 2024","format":false,"excerpt":"The firm\u2019s revenue grew 17% y-o-y in 2023 to EGP 97.1 bn","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\/2024\/2\/1760.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":674656,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/02\/qalaa-holdings-and-abu-qir-fertilizers-post-their-earnings\/","url_meta":{"origin":644051,"position":1},"title":"Qalaa Holdings and Abu Qir Fertilizers post their earnings","author":"enterpriseam admin","date":"2 November 2025","format":false,"excerpt":"The latest round of quarterly earnings is starting to pick up the pace, with Qalaa Holdings and Abu Qir Fertilizers all posting their earnings over the last few days.(Tap or click the headline above to read this story with all of the links to our background as well as external\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\/2025\/7\/804.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":655627,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/21\/efg-holding-reports-a-76-y-o-y-net-income-increase-in-3q-2024-plus-qalaa-sees-revenues-rise-income-fall\/","url_meta":{"origin":644051,"position":2},"title":"EFG Holding reports a 76% y-o-y net income increase in 3Q 2024. PLUS: Qalaa sees revenues rise, income fall","author":"enterpriseam admin","date":"21 November 2024","format":false,"excerpt":"The group recorded a 76% y-o-y increase in net income during the quarter","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\/2024\/11\/2035.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":586626,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/15\/qalaa-revenues-more-than-double-in-2022-on-record-refining-margins-plus-cib-ode-report-1q23-earnings\/","url_meta":{"origin":644051,"position":3},"title":"Qalaa revenues more than double in 2022 on record refining margins. PLUS: CIB, ODE report 1Q23 earnings","author":"enterpriseam admin","date":"15 May 2023","format":false,"excerpt":"High oil prices fueled a 162% rise in revenues at the Egyptian Refining Company","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\/2023\/5\/778.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":668016,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/qalaa-holdings-sees-revenues-rise-53-in-2024\/","url_meta":{"origin":644051,"position":4},"title":"Qalaa Holdings sees revenues rise 53% in 2024","author":"enterpriseam admin","date":"8 July 2025","format":false,"excerpt":"On a quarterly basis, Qalaa Holdings\u2019 revenues were up 35% y-o-y in 4Q","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\/2024\/9\/2221.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":612498,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/24\/qalaa-holdings-bottomline-leaps-in-3q-2023\/","url_meta":{"origin":644051,"position":5},"title":"Qalaa Holdings\u2019 bottomline leaps in 3Q 2023","author":"enterpriseam admin","date":"24 December 2023","format":false,"excerpt":"An overhaul of the Egyptian Refining Company helped boost revenues","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\/2023\/12\/1503.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644051","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=644051"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/644051\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/644036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/644052"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=644051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=644051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=644051"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=644051"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=644051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}