Qalaa reports steady improvement in financial results with revenue growth up 22% year-on-year in 1Q17 to EGP 2.1 billion on the back of strong operational performance at energy and mining platforms; Egypt’s new macroeconomic environment continues to reflect positively on Qalaa’s subsidiaries, with TAQA Arabia and ASCOM posting double-digit growth and Tawazon revenues growing three-fold
6 July 2017 Download
EBITDA climbs 16% year-on-year to EGP 165.7 million in 1Q17, while bottom-line losses record EGP 383.5 driven primarily by discontinued operations.