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Egyptian Resorts Company S.A.E (Egypt)

Main Activities: Lessors of Real Estate | Hotels (except Casino Hotels) and Motels
Full name: Egyptian Resorts Company S.A.E Profile Updated: August 21, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company is mainly engaged in the construction of tourist and resort projects in the Red Sea province. It owns and operates Sahl Hasheesh Resort on the Red Sea coast, 18 Kilometers from Hurghada International Airport. The resort consists of a chain of hotels, which includes Iberotel, Old Palace Hotel, Ibrahim Pacha Botique Hotel, Alexander Botique Hotel, Pyramisa Hotel, Pharonic Hotel and Baron Palace Hotel.
The Company is registered under registration no 6514.
Vision:
ERC has transformed itself from a tourism based master developer to a diversified real estate developer. Our aim in the long run is to become a regional master developer of International standard mega communities. Working at a world class level and international standards, we plan to masterfully design, develop and deliver our projects in order to redefine Egyptian urban planning.
Mission:
To make our shareholders proud of the company's standards, reputation, operational performance and financial performance by creating memorable destinations and by being a reliable partner to our sub-developers and investors.
HISTORY :
1669: The Company was incorporated on April 24, 1996 under the Egyptian law No 159 for the purpose of resort community tourism development.
1999: The Company was listed on the Egyptian Stock Exchange (EGX) on February 10, 1999.

Headquarters
4A Aziz Abaza St, Zamalek
Cairo; Greater Cairo;

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Website: http://www.erc-egypt.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1996
Key Executives
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Chairperson
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Vice Chairperson
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Director / Member of the Management Board
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Director / Member of the Management Board
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Director / Member of the Management Board
Ownership Details
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14.29%
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8.61%
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8.19%
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6.57%
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6%
Subsidiaries
Sahl Hasheesh Company For Touristic Investment
Company Performance
Financial values in the chart are available after Egyptian Resorts Company S.A.E report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EGP. Absolute financial data is included in the purchased report.
Net sales revenue
702.77%
Total operating revenue
529.64%
Operating profit (EBIT)
8438.07%
EBITDA
5135.09%
Net Profit (Loss) for the Period
-1561.15%
Total assets
20.92%
Total equity
N/A
Operating Profit Margin (ROS)
70.2%
Net Profit Margin
-105.38%
Return on Equity (ROE)
N/A
Quick Ratio
0.41%
Cash Ratio
0.06%

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