Qalaa Holdings Discontinued Operations Continued To Book Losses

Qalaa Holdings, a leader in energy and infrastructure (CCAP.CA on the Egyptian Exchange, formerly Citadel Capital), has released its consolidated financial results for the quarter ended 31 March 2017, reporting a 22% y-o-y increase in revenues to EGP 2,114.6 million. Net loss after minority interest for the period posted EGP 383.5 million, with bottom-line profitability weighed down by losses at the company’s discontinued operations, namely Africa Railways and Designopolis, amounting to EGP 225.

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