Egyptian Resorts Company

CAI:EGTS ISIN:EGS70431C019

 Egyptian Resorts Company S.A.E. (CAI:EGTS) is a master developer of international standard resort communities on a fully-integrated management basis. The company is incorporated in Egypt and headquartered in Cairo. Egyptian Resorts Company acquires broad land holdings suitable for premium mega resort development at nominal value. The company then creates a master plan in partnership with global architectural and urban planning firms, builds state-of-the-art infrastructure, implements design guidelines and community management rules and regulations, and then on-sells individual pre-designated plots to sub-developers and investors whose primary businesses are hotel ownership, operation and management, as well as luxury resort and residential real estate development. ERC is developing multiple recurring revenue streams that include the supply of utilities (water, electricity, communications) through its project partners, as well as community management and maintenance fees and revenues generated by Sahl Hasheesh Company. 
 
   

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News

Egyptian Resorts Company (CAI:EGTS) Announces Consolidated Results for Second Quarter 2010

🕔8/18/2010 10:45:08 AM 7945

Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the second quarter of 2010, reporting a net profit of EGP 2.98 million on revenues of EGP 2.85 million. Profits were supported by EGP 14.36 million in foreign exchange gains and interest income.

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Egyptian Resorts Company (CAI:EGTS) Appoints Dr. Samir Makary As New Chairman

🕔7/8/2010 6:05:26 PM 9872

Egyptian Resorts Company (ERC) (CAI:EGTS), Egypt's largest master developer of mega resort communities, announced today that its board of directors has appointed leading academic and industry expert Dr. Samir Makary as the company's chairman.

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Egyptian Resorts Company (ERC) (CAI:EGTS) Announces Consolidated Results for First Quarter 2010

🕔5/14/2010 10:04:09 AM 8468

Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the first quarter of 2010, reporting a net loss of EGP 2.9 million on revenues of EGP 4.4 million. By comparison, ERC reported profit of EGP 9.5 million in the first quarter of 2009 on revenues of EGP 6.7 million, bolstered by lower depreciation charges and substantial foreign exchange gains. Profits in the quarter just ended were impacted by both a 34.3% drop in revenue and a sharp 675% rise in depreciation costs to EGP 3.2 million on the back of infrastructure and network assets capitalized last year.

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Leading Global Developer Orascom Development Holding (SWF:ODHN) to Develop Sahl Hasheesh Marina, Takes Equity Stake in ERC (CAI:EGTS)

🕔4/29/2010 7:30:49 PM 12544

Egyptian Resorts Company (CAI:EGTS), Egypt's largest master developer of mega resort communities, and Orascom Development Holding (SIX: ODHN:SW) announced today that they had concluded an agreement under which Orascom Development and Management (ODM), a subsidiary of global powerhouse Orascom Development Holding (ODH), will manage the development of the Marina at Sahl Hasheesh.

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Egyptian Resorts Company (ERC) (CAI:EGTS) Announces Consolidated Results for Full Year 2009

🕔4/2/2010 4:29:45 PM 11119

Egyptian Resorts Company (ERC) (CAI:EGTS) announces 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.

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Company Data

    Headquarters
  • 4A Aziz Abaza St., Zamalek
    Cairo, Egypt
  • Telephone
  • +20-2-2735-8427 
  • Fax
  • +20-2-2735-2743 
  • Principal Sector
  • Real Estate General 
  • Principal Industry
  • Leisure & Entertainment 
  • Homepage
  • erc-egypt.com

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