Amer Group
Egypt’s Prosecution issued on Friday a decision to imprison businessman Mohamed Al-Amin for four days pending investigation in Case No. 188/ 2022 on charges of human trafficking and assaulting girls in an orphanage.
As per standalone profits, AMER recorded profits of LE 26.19 million in 2021 period, down from LE 41.4 million in 2020 period.
As per standalone profits, AMER recorded profits of LE 60.43 million in 2019, compared to LE 30.66 million in 2018.
Amer’s extraordinary general meeting (EGM) will discuss the optional delisting and purchase of the shares from shareholders opposing the move.
During the third quarter of 2018, the consolidated profits reached LE 15.82 million, compared to LE 20.38 million, with a decrease of 22.4 percent.
Amer group achieved net profit of LE 93 million ($5.3 million) in 2017, compared to LE 184.5 million.
Egyptian Exchange's indices saw a mixed performance week that ended July 27. Turnover lost LE 1.3 billion ($72.7 million) to register LE 3.2 billion.
Egyptian Exchange's indices saw negative week ended July 20, however, turnover gained LE 4.8 billion, registering LE 5.4 billion .
Egypt’s entertainment and real estate developer Amer Group signed an agreement with financial solutions firm Sarwa Capital to issue LE 233 million($13 million).
In contrast to expectations of a weak real estate market following the flotation of Egyptian pound in November.
Amer Group Holding Co. recorded net profits worth 64 million EGP ($3.54 million) during the first quarter (Q1) of 2017.
