Manara

Ellomay Capital Reports Results for the Three and Six Months Ended June 30, 2023

Retrieved on: 
Thursday, September 28, 2023

Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.

Key Points: 
  • Revenues were approximately €25.5 million for the six months ended June 30, 2023, compared to approximately €29.2 million for the six months ended June 30, 2022.
  • Operating expenses were approximately €12 million for the six months ended June 30, 2023, compared to approximately €13.1 million for the six months ended June 30, 2022.
  • General and administrative expenses were approximately €2.9 million for the six months ended June 30, 2023, compared to approximately €3.3 million for the six months ended June 30, 2022.
  • Profit for the six months ended June 30, 2023, was approximately €4.6 million, compared to a loss of approximately €0.6 million for the six months ended June 30, 2022.

Ellomay Capital Reports Results for the Three Months Ended March 31, 2023

Retrieved on: 
Thursday, June 29, 2023

Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.

Key Points: 
  • Operating expenses were approximately €6.5 million for the three months ended March 31, 2023, compared to approximately €6 million for the three months ended March 31, 2022.
  • Depreciation expenses were approximately €4.1 million for the three months ended March 31, 2023, compared to approximately €4 million for the three months ended March 31, 2022.
  • Net profit was approximately €2.8 million for the three months ended March 31, 2023, compared to net loss of approximately €3.4 million for the three months ended March 31, 2022.
  • EBITDA was approximately €3.6 million for the three months ended March 31, 2023, compared to approximately €3.8 million for the three months ended March 31, 2022.

Ellomay Capital Reports Results for the Fourth Quarter and Full Year of 2022

Retrieved on: 
Friday, March 31, 2023

The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.

Key Points: 
  • The increase in depreciation and amortization expenses is mainly attributable to the commencement of recognition of results of Ellomay Solar upon connection to the Spanish grid in June 2022.
  • The average electricity price in Spain during the fourth quarter of 2022 was approximately €0.11/kWh, compared to an average price of €0.20/kWh during 2021.
  • Due to lower radiation during the fourth quarter of 2022, the electricity produced by the Talasol PV Plant was lower by approximately 24,000 MW compared to the fourth quarter of 2021.
  • Commencing the third quarter of 2022, this PV plant operated at full capacity and generated revenues of approximately €3.6 million during 2022.

Ellomay Capital Ltd. Announces Issuance of Notice to Commence in the Manara Project

Retrieved on: 
Monday, April 19, 2021

The expected construction commencement date is April 20, 2021 and the construction period of the Manara Project is expected to be 62.5 months.

Key Points: 
  • The expected construction commencement date is April 20, 2021 and the construction period of the Manara Project is expected to be 62.5 months.
  • The Company indirectly owns 83.333% of Ellomay Pumped Storage (2014) Ltd., the project company that owns the Manara Project.\nRan Fridrich, CEO and a boardmemberof Ellomay commented: "The Company is pleased to announce the issuance of the notice to commence construction to the EPC contractor.
  • The issuance of the notice to commence is a significant milestone in the path to construction of the project.
  • The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company\'s forward-looking statements.

Ellomay Capital Ltd. Announces Fulfillment of Conditions Precedent under the Conditional License of the Manara Project, including Financial Closing and Execution of EPC and O&M Agreements

Retrieved on: 
Sunday, February 14, 2021

The Company indirectly owns 83.333% of Ellomay Pumped Storage (2014) Ltd. (the "SPC"), which owns the Manara Project.

Key Points: 
  • The Company indirectly owns 83.333% of Ellomay Pumped Storage (2014) Ltd. (the "SPC"), which owns the Manara Project.
  • The Project Finance includes customary terms in connection with early prepayment, acceleration of payments upon certain breaches and limitations on distributions.
  • 66.667% of Sheva is owned by Ampa Investments Ltd. ("Ampa") and the remaining 33.333% are owned by Ellomay Water.
  • Ran Fridrich, CEO and a boardmemberof Ellomay commented: "Ellomay Capital is pleased to report the financial closing of the Manara Project.

'Manara' Debut at the 76th Annual Venice International Film Festival

Retrieved on: 
Thursday, September 5, 2019

VENICE, Italy, Sept. 5, 2019 /PRNewswire/ -- "Manara," a short film by Lebanese filmmaker Zayn Alexander, debuted in the 2019 Venice Days at the 76thVenice International Film Festival.

Key Points: 
  • VENICE, Italy, Sept. 5, 2019 /PRNewswire/ -- "Manara," a short film by Lebanese filmmaker Zayn Alexander, debuted in the 2019 Venice Days at the 76thVenice International Film Festival.
  • The short drama screened on Sept. 4, 2019 during a special event at the Villa degliAutori at the Venice Lido.
  • "Manara" won the first edition of the "Vitesul'acqua" competition, within the film festival Laguna Sud, curated by Andrea Segre in Chioggia, Venice.
  • "Abroad" made its world premiere at the Oscar-qualifying Santa Barbara International Film Festival.

The Luxury Collection Debuts Its First Hotel In Jordan

Retrieved on: 
Tuesday, October 9, 2018

BETHESDA, Md., Oct. 9, 2018 /PRNewswire/ -- The Luxury Collection Hotels & Resorts, announced today the opening of its first property in the Kingdom of Jordan, the highly anticipated Al Manara, a Luxury Collection Hotel, Saraya Aqaba.

Key Points: 
  • BETHESDA, Md., Oct. 9, 2018 /PRNewswire/ -- The Luxury Collection Hotels & Resorts, announced today the opening of its first property in the Kingdom of Jordan, the highly anticipated Al Manara, a Luxury Collection Hotel, Saraya Aqaba.
  • "The Luxury Collection is thrilled to continue its rapid, global expansion with the opening of Al Manara, the brand's first hotel in Jordan," said Anthony Ingham, Global Brand Leader, The Luxury Collection.
  • The opening of Al Manara Hotel is the second collaboration between Marriott International and Eagle Hills Jordan, following the debut of W Amman earlier this year.
  • The new Al Manara, A Luxury Collection Hotel is inspired by charming Middle Eastern tales and embodies sophisticated luxury and rich heritage.