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

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.