Cairo – Mubasher: Qalaa Holdings’ losses for 2015 declined 10.5% year-over-year to EGP1.23 billion ($138.25 million) from EGP1.37 billion ($154.50 million), the consolidated financial statements indicated.
Meanwhile, its unconsolidated statements revealed that the company logged a net loss of EGP299.3 million in 2015, a 556.16% surge from EGP45.6 million in 2014.
In the first nine months of 2015, the company’s net loss after tax and minority rights shrank by 31% to EGP322.4 million, compared to EGP470.1 million for the year-ago period.
