Cairo – Mubasher: Qalaa Holdings has posted EGP 126.4 million in net profit during the third quarter of 2018.
The company’s revenue soared 40% year-on-year to EGP 3.28 billion in Q3/2018, according to a company statement.
Also, earnings before interest, tax, depreciation, and amortisation (EBITDA) surged 43% to EGP 305.6 million, compared to the year-ago period.
In the first nine months of the year, Qalaa’s revenue grew 46% year-on-year to EGP 9.4 billion, while the company’s net profit recorded EGP 426.6 million in the same period, the company revealed.
The result of the third quarter of 2018 reflects the company’s strong operational performance and its steadfast progress, Qalaa Holdings’ chairman and founder Ahmed Heikal commented.
The company is continuing its growing strategy through the expansion of its subsidiaries, Heikal added.
