Qalaa Holdings’ consolidated revenues up 62% YoY in Q1

Qalaa Holdings’ consolidated revenues up 62% YoY in Q1

Qalaa Holdings generated consolidated revenues of EGP 30.3 billion the first quarter (Q1) of 2023, up by 62% year-on-year (YoY) from EGP 18.7 billion, according to an emailed news release. Excluding ERC, the group’s revenues reached EGP 6.9 billion in Q1 2023, rising by 38% YoY from EGP 5 billion. Meanwhile, the group’s consolidated net profits after tax and minority interest dropped 84% YoY Q1 2023 to EGP 73 million from EGP 468.9 million. Qalaa Holdings is an Egypt-based company engaged in private equity investment activities. The company manages an investment portfolio that consists of 19 opportunity-specific funds and spans 14 industrial sectors such as energy, cement manufacturing, solid waste management, real estate, mining, agricultural, glass manufacturing, transportation, and metallurgy. Copyright © 2022 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).