Qalaa Financial Consulting Company Reports Annual Profitability Transformation

Cairo – Mubasher: The consolidated financial statements of Qalaa Financial Consulting Company revealed, for the past year, the company’s transformation from losses to profitability, on an annual basis..

And the company stated in a statement to the Egyptian Stock Exchange, today, Sunday, that it achieved a net profit of 14.28 billion pounds during 2022, compared to losses of 5.7 billion pounds in 2021, taking into account minority rights..

The losses of the shareholders of the parent company amounted to about 2.28 billion pounds during the past year, compared to losses amounting to 2.27 billion pounds in 2021..

While the non-controlling interests recorded profits of 16.57 billion pounds in 2022, compared to losses of 3.43 billion pounds in 2021..

The company’s revenues rose to 97.71 billion pounds in 2022, compared to revenues of 45.8 billion pounds in 2021..

On the level of the unconsolidated company, the losses of the independent company rose during the past year to 3.31 billion pounds, compared to losses of 509.46 million pounds during 2021..

It is noteworthy that Citadel Capital for Financial Investments recorded a net profit of 11.86 billion pounds during the period from January to the end of September 2022, compared to losses of 4.51 billion pounds during the same period in the previous year, taking into account minority rights..

During the first nine months of this year, the shareholders of the parent company recorded losses of 205.87 million pounds, compared to losses amounting to 1.32 billion pounds during the comparative period of 2021..

While the non-controlling interests recorded profits of EGP 12.07 billion at the end of September 2022compared to losses of 4.51 billion pounds during the comparative period of last year.

The company’s revenues increased during the nine months to 69.38 billion pounds, compared to 30.97 billion pounds during the comparative period of 2021..

In terms of non-consolidated lists, the losses of the independent company increased during the period from January to last September to 1.49 billion pounds, compared to losses of 301.49 million pounds during the comparative period of last year..

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