Egypt's Qalaa Holdings Q1 net loss widens by 7 pct

Egypt's Qalaa Holdings, formerly Citadel Capital, widened its first quarter net loss by 7 percent to 231.9 million Egyptian pounds (32.43 million US dollar) compared to the same period a year earlier, the firm said in a statement.

"Net losses for the first quarter dipped seven percent year on year to reach 231.9 million pounds due to increased charges related to discontinued operations at portfolio companies including ESACO (ASEC Holding), El-Aguizy, Elmisrieen, Enjoy, Mom's Foods and certain non-core companies," it said.