Earnings Releases
The following press releases include our most recent company statements. They may be read on screen, by clicking on the title, or downloaded to you local machine by right-clicking the link and choosing “Save Target As”. (Requires Adobe Acrobat Reader)
ERC 3Q 2011 Earnings Release
December 14, 2011Egypt’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
Download PDFERC 2Q 2011 Earnings Release
August 15, 2011Egyptian 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
Download PDFERC 1Q 2011 Earnings Release
June 13, 2011Egypt’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
Download PDFERC 4Q 2010 and Full Year Earnings Release
April 27, 2011Egypt’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
Download PDFERC 3Q 2010 Earnings Release
November 23, 2010Egypt’s leading master developer reports net loss of EGP 9.34 million while operations progress is on schedule to meet upcoming milestone… Read More
Download PDFERC 2Q 2010 Earnings Release
August 17, 2010Egypt’s leading master developer reports net profit on quarter. Sales pipeline and recurring revenue streams take important steps forward… Read More
Download PDFERC 1Q 2010 Earnings Release
May 13, 2010Depreciation 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
Download PDFERC 4Q 2009 and Full Year Earnings Release
April 11, 2010Consolidated 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
Download PDFERC 3Q 2009 Earnings Release
November 16, 2009Consolidated 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
Download PDFERC 2Q 2009 Earnings Release
August 27, 2009A 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
Download PDFERC 1Q 2009 Earnings Release
May 27, 2009A 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
Download PDFERC 4Q 2008 and Full Year Earnings Release
April 29, 2009Consolidated revenue decreases by 1.1% and consolidated earnings before tax increases by 20.1% Y-o-Y… Read More
Download PDFERC 2Q 2008 Earnings Release
August 27, 2008Consolidated revenue grows by 49.9% & consolidated earnings before tax by 50.9% Y-o-Y for 2Q 2008… Read More
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