Qalaa Holdings records 86% YoY growth in Q3 consolidated revenue

Qalaa Holdings (CCAP) posted an 86% year-on-year (YoY) growth in consolidated revenue for the third quarter (Q3) of 2022, recording EGP 23.7 billion, according to an emailed press release on December 15th.

Excluding Egyptian Refining Company (ERC), Qalaa’s revenues increased by 25% YoY to EGP 5.9 billion in Q3 2022.

TAQA Arabia’s revenue rose by 19% YoY in the three-month period ended September 30th to EGP 2.9 billion.

Moreover, National Printing recorded a 67% YoY top-line hike in Q3 2022, while ASCOM reported a 55% YoY increase in top-line to EGP 357.3 million in the same quarter.