Earnings Releases

The following earnings releases include our most recent company statements. They may be read on screen, by clicking on the title, or downloaded to your local machine by right-clicking the link and choosing “Save Target As”. (Requires Adobe Acrobat Reader)

EARNINGS RELEASE – Full Year 2013

Cairo, March 31, 2014, 12:00 hrs Cairo time (10:00 hrs GMT)

ERC Announces Consolidated Results for Full Year 2013

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ERC 4Q 2012 and Full Year Earnings Release

ERC reports net loss, despite year-on-year rise in utilities revenues, as a result of a conservative one-time provision for accounts receivable and an operating loss from subsidiary SHC. Read More

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ERC 3Q 2012 Earnings Release

November 19, 2012

ERC reports year-on-year rise in revenues, anticipates rise in recognized sales in 4Q 2012 on the back of some unit sales in the quarter just ended. Read More

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ERC 2Q 2012 Earnings Release

August 21, 2012

ERC reports rising utilities revenue, obtains electricity distribution license, launches triple-play services with completion of state-of-the-art fiberoptic network, and appoints operator to manage the pier docking facility. Read More

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ERC 1Q 2012 Earnings Release

May 16, 2012

Egypt’s leading master developer maintains current sales momentum at Sawari, prepares to bring new villa zone project “Jamaran” into sales pipeline, and inks contract to develop world-class medical facility to serve both community residents and the medical tourism market. Read More

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ERC 4Q 2011 and Full Year Earnings Release

March 25, 2012

Egypt’s leading master developer reports signs of new sales momentum in the second half of 2011, sets 2012 focus on operational execution on sales and development fronts. Read More

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ERC 3Q 2011 Earnings Release

December 14, 2011

Egypt’s leading master developer reports a quarterly net loss in the absence of Sawari marina sales and a net profit for the nine months ending September 30, 2011 of EGP 1.1 million compared to a net loss of 6.7 million for the first three quarters of last year. Read More

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ERC 2Q 2011 Earnings Release

August 15, 2011

Egyptian Resorts Company (EGX: EGTS.CA), Egypt’s leading master developer of mega-communities, announced today its consolidated results for the second quarter of 2011, reporting a net loss of EGP 3.4 million on revenues of EGP 12.3 million. Earnings included EGP 5.4 million in interest income in the second quarter. Read More

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ERC 1Q 2011 Earnings Release

June 13, 2011

Egypt’s leading master developer reports net profit on quarter. Off-plan Sawari Marina sales strategy and recurring revenue streams take important steps forward… Read More

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ERC 4Q 2010 and Full Year Earnings Release

April 27, 2011

Egypt’s leading master developer reports consolidated revenue of EGP 14.9 million and consolidated earnings before tax of EGP (7.8) million in 2010, compared to EGP 25.8 million and EGP 3.9 million, respectively, for the adjusted previous year… Read More

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ERC 3Q 2010 Earnings Release

November 23, 2010

Egypt’s leading master developer reports net loss of EGP 9.34 million while operations progress is on schedule to meet upcoming milestone… Read More

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ERC 2Q 2010 Earnings Release

August 17, 2010

Egypt’s leading master developer reports net profit on quarter. Sales pipeline and recurring revenue streams take important steps forward… Read More

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ERC 1Q 2010 Earnings Release

May 13, 2010

Depreciation charges and the non-completion of a land sale result in a quarterly loss as Egypt’s leading master developer focuses on building long-term value for shareholders… Read More

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ERC 4Q 2009 and Full Year Earnings Release

April 11, 2010

Consolidated revenue of EGP 25.7 million and consolidated earnings before tax of EGP 8.1 million compared to EGP 347.7 million and EGP 345.9 million respectively for the previous year… Read More

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ERC 3Q 2009 Earnings Release

November 16, 2009

Consolidated revenue of EGP 6.1 million and consolidated earnings before tax of EGP ‐1.0 million compared to EGP 110.7 million and EGP 107.5 million respectively for the same quarter last year… Read More

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ERC 2Q 2009 Earnings Release

August 27, 2009

A profitable second quarter in tough times – Consolidated revenue of EGP 9.3 million and consolidated earnings before tax of EGP 3.3 million compared to EGP 223.3 million and EGP 184.5 million respectively for the same quarter last year… Read More

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ERC 1Q 2009 Earnings Release

May 27, 2009

A profitable first quarter – Consolidated revenue of EGP 6.7 million and consolidated earnings before tax of EGP 12.4 million compared to EGP 6.3 million and EGP ‐1.2 million respectively for the same quarter last year… Read More

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ERC 4Q 2008 and Full Year Earnings Release

April 29, 2009

Consolidated revenue decreases by 1.1% and consolidated earnings before tax increases by 20.1% Y-o-Y… Read More

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ERC 2Q 2008 Earnings Release

August 27, 2008

Consolidated revenue grows by 49.9% & consolidated earnings before tax by 50.9% Y-o-Y for 2Q 2008… Read More

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