Qalaa Holdings turns to loss of EGP 450M in H1

Updated 9/26/2019 11:24:00 AM

ArabFinance:  Qalaa Holdings (CCAP) (CCAPP) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company incurred consolidated net losses of EGP 449.681 million, against posting net profits of EGP 73.417 million in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of EGP 151,235 million, compared to net losses of EGP 2,352 in the same period last year.