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Qalaa’s top-line growth in 2Q 2020 was driven by Egyptian Refining Company’s (ERC) contribution of EGP 4bn during the period, constituting c.53% of Qalaa’s consolidated top-line.
Company reports EGP 10.4bn in revenues for the first quarter of the current year
ERC reaches 100% utilisation, sells over 3.1 mn tonnes of petroleum products
Heikal noted that achieving efficiency and investment flows to countries will only be achieved when governments prioritise deregulation of energy products and leave price controls to market supply and demand.
The roundtable was chaired by the head of marketing communication at Qalaa Holding, Ghada Hammouda, at the AUC headquarters in Tahrir Square.
The top-line expansion came on the back of robust results posted across its subsidiaries, especially at the Group’s energy platform with TAQA Arabia’s revenues up 41% y-o-y and Tawazon’s up by 59% y-o-y, according to Qalaa’s Tuesday press statement.
Refinery 99.6% complete, to reach full commercial operations during Q3 of this year
On a quarterly basis, the company’s revenues grew by 34% y-o-y, reaching EGP 3.8bn during the fourth quarter (Q4) of 2018.
Egypt aims to increase solar energy share to 16%, wind energy to 14% of energy production, says Al-Saeed
EBITDA logs 43% y-o-y increase to EGP 306m; profit EGP 160m in Q3; ERC 98.8% to hit production by 2019
Financial result of Q2 reflects company’s effort to enhance, diversify portfolio of affiliated investments, says El-Khazindar
More than 3,0000 young people benefited Qaala Holding’s scholarships, educational initiatives
ERC to be commercially operational in 2019, plans for next phase of growth across the group
Qalaa Holdings announced that its fair value is EGP 6.34 per share estimated by RSM Egypt, the independent financial advisor (IFA), according to a press statement on Thursday. The report said that RSM Egypt completed the estimation of value report requested by Egypt’s Financial Regulatory Authority (FRA). On 24 April, the FRA had requested that Qalaa Holdings …
EBITDA records impressive growth of 84% y-o-y
Qalaa requires beneficiaries to return to Egypt after study
The company’s consolidated revenues increased by 25% y-o-y
Corporate Social Responsibility (CSR) has risen since the early 20th century due to the increasing separation between state ownership of production and private ownership, as well as the involvement of the private sector in the production process. The classical economic philosophy assumed that CSR is the provision of goods and services to consumers and the …
Company is facing expense hikes on back of spare parts price increases amid plummeting currency
The company also reported a consolidated net loss after minority interest of EGP 207.6m
EGP 1.8bn company revenues with support from energy sector
The company is also seeking to implement a similar power plant in Aswan
Despite the increase in revenues, Qalaa Holdings also recorded a net loss worth EGP 242.7m, greater than the EGP 119.1m loss reported last year.
The sale is at a combined equity value for 100% of both MGM and UGC of EGP 828m
The company has sold its shares in several companies including Sudanese Egyptian Bank and Pharos Holding
Cheese products manufacturer El-Misrieen sold at EGP 50m
Value of transaction is EGP 518m
The transaction, worth approximately EGP 1bn, is expected to take place on 20 November
The structure of the deal depends on swapping Sphinx stock’s for shares in oil companies
The conference will shed the light on Qalaa Holdings’ planned strategy for increasing “the presence of Egyptian businesses in Africa, with a particular focus on East African nations”, a company statement read.