Amer Group's profit leaps 538% in H1-21

The revenues soared

  
Traders talk on the floor of the stock exchange in Cairo, May 29, 2014.REUTERS/Amr Abdallah Dalsh

Traders talk on the floor of the stock exchange in Cairo, May 29, 2014.REUTERS/Amr Abdallah Dalsh

REUTERS/Amr Abdallah Dalsh
Cairo – Mubasher: Amer Group Holding Co achieved a 538% year-on-year (YoY) hike in its consolidated net profits, logging EGP 176.02 million in the first half (H1) of 2021, compared to EGP 27.6 million, including minority shareholders' rights.

The revenues soared to EGP 1.25 billion in the January-June period from EGP 690.31 million in the year-ago period, the property developer said in a bourse disclosure on Thursday.

As for standalone business, the company posted net profits of EGP 26.19 million in H1-21, down from EGP 41.41 million in H1-20.

In the first quarter (Q1) of 2021, Amer Group Holding Co logged EGP 209.92 million in consolidated net profits, up from EGP 10.65 million in Q1-20, including minority shareholders’ rights.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities