Egyptian Resorts Company,"1Q08"; News Bulletin

hcsi — Tue, 03 Jun 2008 13:31:01 +0000

June 3rd, 2008
1Q08 Consolidated Results: Below Expectations
▪A Drop in sales to EGP6.3 million from EGP101.6 million
▪A decline in margins across the board as the company did not sell any land in 1Q08
▪A net loss of EGP7.6 million in 1Q08

Egyptian Resorts Company, "City by the Sea"; Update Report

hcsi — Wed, 27 Feb 2008 12:44:10 +0000

Summary

§ 9M07 Results: Core Operations Boost Performance

Results from 9M07 reflected an impressive performance with the bottom line skyrocketing 85.9% to EGP163.8 million on the back of organic growth. Revenues witnessed a robust 108.4% YoY growth, fueled by sales from phase I that is expected to be completely sold out during 2008. Services’ revenues started kicking in, yet with insignificant values. The impressive results were despite recording a net loss of EGP42.8 million in 3Q07 on the back of receivables write offs amounting to EGP40.0 million.

HC Securities & Investment - Egyptian Resorts Company

Egyptian Resorts Company,"1Q08"; News Bulletin

Egyptian Resorts Company, "City by the Sea"; Update Report