Qalaa reports revenues of EGP 7.8 bn in FY16, up 25% Y-o-Y alongside significant FX--related and impairment losses; FY16 EBITDA remaining stable despite inflationary pressures; ERC nearing completion with construction progress at 94.1% as of May 2017
21 May 2017 Download
Bottom-line turns a loss of EGP 4.1 billion in FY 2016 driven predominantly by total non-cash charges of c.EGP 3.5 billion related to FX losses and impairments following the devaluation of the Egyptian pound