Amer Group's profits decline to LE 56.4M in 2019

CAIRO – 12 April 2020: Amer Group Holding Co SAE (AMER) recorded a regression of 24.5 percent in its consolidated profits during 2019, registering LE 56.4 million, down from LE 74.7 million, including minority rights, in 2018.

The company’s financial indicators revealed a dip in revenues to reach LE 1.49 billion in 2019, compared to LE 1.93 billion in a prior year.

As per standalone profits, AMER recorded profits of LE 60.43 million in 2019, compared to LE 30.66 million in 2018.

During the first nine months of 2019, the company’s profits declined to LE 91.3 million, compared to LE 115.8 million, including minority rights, in the same period of 2018.

Amer Group Holding Co SAE is listed on the Egyptian Exchange (EGX) since November 2010. It operates within the Real Estate sector focusing on Real Estate Development.