Egypt's Amer Group cancels plan to build project in New Sohag City

The company took its decision after conducting financial and marketing studies to consider the feasibility of the project

  

Cairo –  Amer Group Holding Co cancelled a plan to purchase a land plot in New Sohag City for building an urban project.

The company took its decision after conducting financial and marketing studies to consider the feasibility of the project, according to a bourse disclosure on Tuesday.

During the first six months of 2020, Amer Group Holding Co achieved net profits of EGP 27.608 million, up from EGP 25.42 million in the year-ago period, including minority shareholders’ rights.

Source: Mubasher

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