Cairo – Mubasher: Amer Group Holding Company’s consolidated net profit for the first quarter of fiscal year 2017 declined 6% to EGP 63.95 million, versus EGP 68.07 million for Q1-16.
Consolidated revenues increased in Q1-17 to EGP 603.02 million from EGP 544.34 million for Q1-16, according to a bourse filing released on Sunday.
Financing costs reached EGP 45.5 million Q1-17, compared to EGP 4.78 million in Q1-16.
Sales amounted to EGP 272 million in the first three months for FY17.
The stock stood at EGP 0.32 at Thursday’s close.
