Financials

Earnings Releases

ERC, as a publicly traded company, publishes quarterly earnings reports as required by Egyptian law. Shareholders and other interested parties may download PDF versions of ERC’s earnings releases below. An Important Note: Management encourages investors not to analyze Egyptian Resorts Company by scrutinizing quarterly sales figures as they would manufacturing or other real estate development firms. ERC is a master developer of mega resort communities and — unlike other developers — focuses on the macro development infrastructure and land plot sales. The timing of land sales (which tend to be large, strategic plots) to value-adding developers is a function of market conditions, carefully scrutinized end-product supply-demand dynamics, and managment strategy at any given moment.

ERC targets a healthy pace of land release from its bank so as to preserve the value of its residual land bank as well as the returns on investments of our sub-developers. A more traditional quarter-by-quarter analysis will be appropriate only for the analysis of recurring revenue streams as these mature in the years ahead.

To Download: Right-click and choose “Save Target As” to download to your local computer. (Requires Adobe Acrobat Reader)

Financial Statements

Shareholders and other interested parties may download PDF versions of ERC’s audited financial statements below.

To Download: Right-click and choose “Save Target As” to download to your local computer. (Requires Adobe Acrobat Reader)