Qalaa Holdings moves to losses in 2019 – ZAWYA

Qalaa Holdings moves to losses in 2019 – ZAWYA

The standalone financial statements of Qalaa Holdings showed a 52% year-on-year (YoY) rise in its net losses during 2019.. Cairo - Mubasher: Qalaa Holdings announced turning to losses during 2019, the consolidated financial statements showed.. The company suffered net losses of EGP 334.2 million last year, up from EGP 219.54 million in 2018, while the operating losses rose to EGP 354 million in 2019 from EGP 89.67 million in the prior year.. It is noteworthy to mention that in the January-September period of 2019, Qalaa Holdings suffered net losses of EGP 901.23 million, against net profits of EGP 106.44 million in the corresponding period of 2018, including minority shareholders' rights..