Qalaa Holdings’ consolidated revenues up 62% YoY in Q1

Meanwhile, the group’s consolidated net profits after tax and minority interest dropped 84% YoY Q1 2023

Staff Writer, Arab Finance

July 16, 2023

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Qalaa Holdings generated consolidated revenues of EGP 30.3 billion the first quarter (Q1) of 2023, up by 62% year-on-year (YoY) from EGP 18.7 billion, according to an emailed news release.

Excluding ERC, the group’s revenues reached EGP 6.9 billion in Q1 2023, rising by 38% YoY from EGP 5 billion.

Meanwhile, the group’s consolidated net profits after tax and minority interest dropped 84% YoY Q1 2023 to EGP 73 million from EGP 468.9 million.

Qalaa Holdings is an Egypt-based company engaged in private equity investment activities.

The company manages an investment portfolio that consists of 19 opportunity-specific funds and spans 14 industrial sectors such as energy, cement manufacturing, solid waste management, real estate, mining, agricultural, glass manufacturing, transportation, and metallurgy.

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