{"id":648932,"date":"2017-04-18T03:58:23","date_gmt":"2017-04-18T03:58:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/earnings-watch-egyptian-resorts-company-3\/"},"modified":"2017-04-18T03:58:23","modified_gmt":"2017-04-18T03:58:23","slug":"earnings-watch-egyptian-resorts-company-3","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/18\/earnings-watch-egyptian-resorts-company-3\/","title":{"rendered":"Earnings Watch: Egyptian Resorts Company"},"content":{"rendered":"<p><strong>EARNINGS WATCH-<\/strong> The <strong>Egyptian Resorts Company<\/strong> reported consolidated net profit of EGP 10.2 mn in FY 2016 compared with EGP 217.5 mn in 2015, according to its <a href=\"https:\/\/ent.news\/2017\/4\/889.pdf\">earnings release (pdf)<\/a>. Net revenues in 2016 were EGP 208 mn, down from EGP 400.4 mn in FY 2015. The company continues to \u201ccontrol the supply of land [to the market] with the aim of maximizing the future value of the ERC\u2019s land bank as well as that of its development partners and investors.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EARNINGS WATCH- The Egyptian Resorts Company reported consolidated net profit of EGP 10.2 mn in FY 2016 compared with EGP 217.5 mn in 2015, according to its earnings release (pdf). Net revenues in 2016 were EGP 208 mn, down from EGP 400.4 mn in FY 2015. The company continues to \u201ccontrol the supply of land [&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-648932","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fef72a85-c8be-4787-989e-809603abd9aa","order":"0","is_powered_by":true,"section_story_id":"29a462b4-b71a-4215-a80a-06e02426e1b1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648920],"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: 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\/04\/18\/earnings-watch-egyptian-resorts-company-3\/\" \/>\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- The Egyptian Resorts Company reported consolidated net profit of EGP 10.2 mn in FY 2016 compared with EGP 217.5 mn in 2015, according to its earnings release (pdf). Net revenues in 2016 were EGP 208 mn, down from EGP 400.4 mn in FY 2015. 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Revenues increased to EGP 121.3 mn in 1Q2017, up from EGP 10.3 mn in 1Q2016, on the back\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":642704,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/earnings-watch-egyptian-resorts-company-2\/","url_meta":{"origin":648932,"position":1},"title":"Earnings watch: Egyptian Resorts Company","author":"enterpriseam admin","date":"21 August 2017","format":false,"excerpt":"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\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":602987,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/11\/egyptian-resorts-company-qnb-al-ahli-report-results\/","url_meta":{"origin":648932,"position":2},"title":"Egyptian Resorts Company, QNB Al Ahli report results","author":"enterpriseam admin","date":"11 April 2019","format":false,"excerpt":"EARNINGS WATCH- Egyptian Resorts Company (ERC) posted a net loss of EGP 75.2 mn in 2018, down from a net profit of EGP 69.5 mn during 2017, according to the company\u2019s earnings release (pdf), as pushed ahead with a pivot in from land sales to residential and commercial real estate\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":650718,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/30\/earnings-watch-obour-land-3\/","url_meta":{"origin":648932,"position":3},"title":"Earnings watch: Obour Land","author":"enterpriseam admin","date":"30 March 2017","format":false,"excerpt":"EARNINGS WATCH- Cheese maker Obour Land recorded a net profit of EGP 162 mn in 2016, up from EGP 92 mn in 2015. The company says it key financial indicators are all, and reported robust sales volume growth, and overall enhancement in margins, despite macroeconomic challenges. The company\u2019s revenues grew\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":545367,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/23\/earnings-watch-egyptian-resorts-company\/","url_meta":{"origin":648932,"position":4},"title":"Earnings watch: Egyptian Resorts Company","author":"enterpriseam admin","date":"23 March 2022","format":false,"excerpt":"EARNINGS WATCH- Egyptian Resorts Company saw its losses decline to EGP 4.5 mn in FY2021 compared to losses of EGP 44.6 mn in 2020, according to ERC\u2019s financial statements (pdf). Total operating revenues increased nearly 22% y-oy during 2021 to reach EGP 127.6 mn. 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