Cairo – Mubasher: Amer Group Holding posted a decline of 60% in net profits for the first quarter of 2016, as it reached EGP 7.14 million ($802,000).
The company reported net profits of EGP 17.9 million for the comparable period of the previous year.
As for the first half of 2016, the company’s profits increased by 27.5% to reach EGP 86.6 million ($9.7 million) compared with EGP 67.9 million for the similar period of the preceding year.
The company’s topline reached EGP 958.4 million in H1-2016, up by 14% y-o-y.
