Amer Group records profits of LE 1.38B in 2020

CAIRO – 28 February 2021: Amer Group Holding Co SAE (AMER) 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. 

The company’s financial indicators revealed a dip in revenues to reach LE 1.38 billion in 2020, compared to LE 1.49 billion in a prior year. 

As per standalone profits, AMER recorded profits of LE 34.04 million in 2020, compared to LE 60.43 million in 2019. 

During the first nine months of 2020, the company’s profits declined to LE 998.3 million, compared to LE 39.38 million, including minority rights, in the same period of 2019.

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