Tags Result

Qalaa Holdings’ ERC finalizes debt restructuring

Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has finalized its senior and subordinated debt restructuring as of December 20th, 2024.

Updated 12/22/2024 10:23:00 AM
ERC cuts consolidated loss by 88.6% YoY in Q1

The Egyptian Resorts Company (ERC) cut its consolidated net loss attributable to the parent company by 88.57% year on year (YoY) to EGP 5.371 million in the first quarter (Q1) of 2023 from EGP 47.008 million.

Updated 6/26/2023 1:05:00 AM
Egyptian Resorts Company to build 50-MVA solar plant in Sahl Hasheesh

The Egyptian Resorts Company’s (ERC) board has greenlighted the establishment of a solar power plant in Sahl Hasheesh, Hurghada, a statement released on April 13th showed.

Updated 4/13/2023 10:04:00 AM
ERC switches to profitability in 2022

The Egyptian Resorts Company (ERC) recorded consolidated net profits after tax and non-controlling interest of EGP 67.5 million in 2022, compared to net losses of EGP 60.67 million in 2021.

Updated 4/4/2023 11:06:00 AM