Qalaa Holdings posts 11% YoY drop in consolidated profit
Updated 5/8/2022 1:57:24 PM
ArabFinance: Qalaa Holdings (CCAP) posted an 11% year-on-year (YoY) decline in consolidated net loss after minority interest for the full year 2021, according to the company’s consolidated financial statement filed to the Egyptian Exchange (EGX) on May 8th.
The group incurred a consolidated net loss after minority interest of EGP 2.278 billion in 2021, versus a loss of EGP 2.553 billion in 2020.
As per the group’s standalone financial statement, the group suffered a net loss after tax of EGP 509.46 million last year, down from EGP 510.29 million in 2020.
Qalaa Holdings (CCAP) reported a 27% year-on-year (YoY) growth in consolidated revenue for the full year ended December 31st 2021, according to the group’s 2021 business review.
In 2021, the group’s consolidated revenue amounted to EGP 45.826 billion in 2021, up by 27% YoY from EGP 35.95 billion.
Qalaa Holdings, formerly Citadel Capital, 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.
