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Qalaa Holdings posts EGP 929M profits in Q1

Qalaa Holdings posts EGP 929M profits in Q1

ArabFinance: Egyptian investment company Qalaa Holdings (CCAP) (CCAPP) announced Thursday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company posted consolidated net profits of EGP 929 million in the first quarter of 2019, versus EGP 5.7 billion losses in the year-ago period.

Moreover, it posted standalone net losses of EGP 219.5 million in the three-month period of 2019, compared to EGP 600.9 million losses recorded in the year before. 

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