Qalaa Holdings [CCAP.CA] reported its 2015 financial results, showing a net loss of EGP1.15 billion for the year compared to a loss of EGP855.6 million during 2014, while in 4Q2015 losses reached EGP833 million compared to losses of EGP377.5 million in 4Q2014. According to the earnings release, the losses incurred during the year were inflated by several one-off non-cash charges worth EGP1.08 billion, which included i) impairments and write-offs of EGP687 million; ii) provisions of EGP171.4 million; and iii) discontinued operations of EGP220 million. 4Q2015 included the bulk of these one-off non-cash charges, which -if excluded- would have put bottom-line at a positive EGP42 million. Revenues for the full year came in at EGP8.2 billion (+27% Y-o-Y), while in 4Q2015 revenues were EGP2.1 billion (+18% Y-o-Y, +4% Q-o-Q). The company also noted that it managed to divest of investments during 2015 generating total proceeds of EGP2.4 billion, which will be directed towards the company's deleveraging program. (Company disclosure)