Cairo - Mubasher: Qalaa Holdings reported consolidated net losses of EGP 1.95 billion during the first quarter (Q1) of 2021, up by 23.4% year-on-year (YoY) from EGP 1.58 billion, including minority shareholders' rights.
The company's losses attributable to the parent company's shareholders increased to EGP 478.56 million in the January-March period from EGP 405.1 million in the year-ago period, according to a bourse disclosure on Sunday.
Meanwhile, the losses attributed to minority interests registered EGP 1.47 billion in the three-month period ended 31 March, down from EGP 1.178 billion in the corresponding period in 2020.
The revenues slid to EGP 8 billion in Q1-21 from EGP 10.4 billion in Q1-20.
As for standalone business, the company incurred net losses of EGP 89.68 million in the first three months of the year, up from EGP 82.48 million in the first three months of 2020.
During 2020, Qalaa Holdings reported net losses of EGP 9.57 billion, up from EGP 1.52 billion in 2019, including minority shareholders' rights.
