Qalaa Reports 34% Top-Line Growth, Significant EBITDA Improvement and Narrowed by 54% its Net Loss after Tax and Minority; Confirms Return to Profitability in 2015
29 April 2015 Download
Qalaa Holdings (CCAP on the Egyptian Exchange, formerly Citadel Capital) released today its consolidated financial results for the year ending 31 December 2014, reporting revenues of EGP 6.5 billion, up 34% from 2013 pro forma figures. EBITDA stood at EGP at EGP 651.9 million on a full-year basis, a significant improvement over FY13’s figure of negative EGP 23.1 million. Qalaa posted a full-year net loss after tax and minority of EGP 879.6 million, a 54% improvement from the previous year’s pro forma figure of EGP 1.9 billion.
Qalaa Holdings’ full business review for 4Q/FY14 and the financial statements on which it is based are now available for download on ir.qalaaholdings.com.
Qalaa Holdings’ full business review for 4Q/FY14 and the financial statements on which it is based are now available for download on ir.qalaaholdings.com.