Qalaa Holdings sees 28% lower losses in 9M

The company's revenues increased

  
Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo – Mubasher: The consolidated net losses of Qalaa Holdings retreated by 28.1% year-on-year (YoY) to EGP 4.5 billion in the first nine months (9M) of 2021, compared to EGP 6.26 billion.

The company's revenues increased to EGP 30.97 billion in the January-September period of 2021 from EGP 26.53 billion in the year-ago period, according to a bourse filing on Sunday.

As for the standalone businesses, the company's losses declined to EGP 301.49 million in 9M-21 from EGP 345.84 million in the same period of the earlier year.

It is noteworthy to mention that in the first half (H1) of 2021, the company reported consolidated net losses of EGP 3.323 billion, down by 20.8% YoY from EGP 4.08 billion, including minority shareholders' rights.

Source: Mubasher

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