Amer Group's profits surge 537.75% in H1 2021

CAIRO – 19 August 2021: Consolidated profits Amer Group Holding Co SAE (AMER) surged 537.75 percent during the first half of 2021, registering LE 176.023 million, up from LE 27.608 million, including minority rights, in the same period of 2020. 

The company’s financial indicators revealed a hike in revenues to reach LE 1.25 billion in the first six months of 2021, compared to LE 690.31 million in the same months of 2020. 

As per standalone profits, AMER recorded profits of LE 26.19 million in 2021 period, down from LE 41.4 million in 2020 period. 

During 2020, the company recorded a regression of 54.67 percent in its consolidated profits during 2020, registering LE 25.51 million, down from LE 56.4 million, including minority rights, in 2019.

Amer Group Holding operates within the Real Estate sector focusing on Real Estate Development.