Latest in Tag: Qalaa Holdings Highlight
Latest in Tag: Qalaa Holdings
Qalaa Holdings to offer TAQA Arabia on EGX in 2023
Green hydrogen projects to be focus of group’s investments in coming period: Managing Director
Qalaa Holdings turns to profitability in 2Q 2022, recording EGP 361m in consolidated net profit
Company’s management warns of impact of local currency devaluation on its business
Qalaa Holdings achieves EGP 18.7bn in consolidated revenues in 1Q
The increase in revenues was supported by an increase in the petroleum, marketing, and distribution sectors, along with the increase in electricity distribution rates at Taqa Power, the expansion of the network of compressed natural gas stations, as well as the growth in its distribution rates.
Qalaa Holdings chairperson sentenced to prison in absentia over $18m cheque dispute
The court ruling was in absentia and of the first degree related to a commercial dispute pertaining to a $18 million cheque, the company said in a statement
Qalaa Holdings achieves consolidated revenues of EGP 45.8bn in 2021
The company attributed the increase in revenues to the improvement in the refining profit margin of the Egyptian Refining Project and the rapid recovery of markets with the rise in commodity prices globally.
Qalaa Holdings reports 46% increase in consolidated revenues to EGP 12.8bn
The company’s strong performance was driven by the success of Qalaa’s operational and growth strategies across its platform companies and supported by a global rally in commodity prices and improved refining margins at ERC; excluding ERC the Group records a 39% y-o-y growth in revenues to EGP 4.7bn and recurring EBITDA increased by 63% y-o-y to EGP 520.6m in 3Q21.
Qalaa Holdings topline recovers from 1Q slump, margins improve, losses narrow
Qalaa Holdings reported 2Q21 results, recording net loss post minority at EGP 402m in the second quarter of 2021 (2Q21) vs net loss of EGP 479m in 1Q21 and EGP 712m in 2Q20. Revenue hit EGP 10.178bn, increasing by 27% quarter over quarter (q-o-q) and 37% year-over-year (y-o-y). The expansion in topline was …
Qalaa Holdings expects Egyptian Refining Co. to achieve EBITDA of $500-600m by 2022-end
Taqa Arabia’s potential IPO plans have been shelved at least for 3 quarters
Qalaa Holdings records total revenue of EGP 7.4bn in 2Q 2020
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.
Qalaa Holdings records 191% y-o-y increase in revenues during Q1 of 2020
Company reports EGP 10.4bn in revenues for the first quarter of the current year
Qalaa Holdings records 11% y-o-y increase in FY2019 revenues
ERC reaches 100% utilisation, sells over 3.1 mn tonnes of petroleum products
Qalaa Holdings partakes in Future of Investment Initiative in Riyadh
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.
Qalaa Holdings showcases progress of “Mostakbaly” scholarship programme: Hammouda
The roundtable was chaired by the head of marketing communication at Qalaa Holding, Ghada Hammouda, at the AUC headquarters in Tahrir Square.
Qalaa Holdings records 13% y-o-y increase in revenues in 1Q19
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.
Qalaa Holdings completes final $120m ERC funding round
Refinery 99.6% complete, to reach full commercial operations during Q3 of this year
Qalaa Holdings achieves revenue growth of 25% y-o-y in 2018
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.
Ministry of Planning, Qalaa Holdings, Nile University sign protocol to boost renewable energy production
Egypt aims to increase solar energy share to 16%, wind energy to 14% of energy production, says Al-Saeed
Qalaa Holdings revenues grow by 40% y-o-y to EGP 3.3bn in Q3 2017/18
EBITDA logs 43% y-o-y increase to EGP 306m; profit EGP 160m in Q3; ERC 98.8% to hit production by 2019
Qalaa Holdings achieves 39% growth in revenues in Q2-2018
Financial result of Q2 reflects company’s effort to enhance, diversify portfolio of affiliated investments, says El-Khazindar
Qalaa Holdings to organize forum welcoming return of scholarship receivers
More than 3,0000 young people benefited Qaala Holding’s scholarships, educational initiatives
Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group
Qalaa Holdings fair value is EGP 6.34 per share: RSM Egypt
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 …
Qalaa’s revenues climb 48% year-over-year
EBITDA records impressive growth of 84% y-o-y
Qalaa Holdings announces its annual scholarships winners
Qalaa requires beneficiaries to return to Egypt after study
Qalaa records net loss of EGP 2.8bn in Q2 2017: chairperson
The company’s consolidated revenues increased by 25% y-o-y
Private sector competes to provide new CSR services in Egypt
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 …
Qalaa studies restructuring ASEC Engineering to control expenses
Company is facing expense hikes on back of spare parts price increases amid plummeting currency
Qalaa revenues record EGP 1.792bn in Q3 of 2016
The company also reported a consolidated net loss after minority interest of EGP 207.6m
Qalaa’s revenues decline during Q2 of 2016
EGP 1.8bn company revenues with support from energy sector
TAQA Arabia considers establishing new 50MW-capacity solar power plant
The company is also seeking to implement a similar power plant in Aswan