Amer Group Q1 Profit Decreases 6% y-o-y

Monday, 15th May 2017

Egypt’s real estate developer Amer Group Holding Company posts consolidated net profit of EGP 63.95 mn in the first quarter of 2017, down by 6% compared with EGP 68.07 mn in the same period last year, Invest-Gate reports.

Consolidated revenues increase in the first quarter  to EGP 603.02 mn from EGP 544.34 mn in Q1 of 2016, according to a bourse filing released on Sunday.

Financing costs reach EGP 45.5 mn the first quarter in 2017, compared to EGP 4.78 mn in the same period last year.

Sales amount to EGP 272 mn in the first three months of 2017.

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