Qalaa Holdings’ consolidated revenues inch up 2% YoY in Q2
Updated 9/17/2023 9:18:00 AMArab Finance: Qalaa Holdings earned consolidated revenues of EGP 27.7 billion the second quarter (Q2) of 2023, up by 2% year on year (YoY), according to an emailed news release.
Excluding ERC, the group’s revenues rose by 26% YoY in Q2 2023.
Meanwhile, the company recorded EGP 381.2 million in Q2 2023 in consolidated net losses after minority interest, against net income of EGP 361.6 million in Q2 2022.
In terms of standalone business, the company’s net losses after tax reached EGP 354.952 million in Q2 2023, up from EGP 259.057 million in Q2 2022, according to the standalone financial statement.
Meanwhile, standalone net operating losses went up to EGP 141.833 million from EGP 120.907 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.
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