Cairo – Mubasher: Amer Group Holding earned EGP 76.3 million during the third quarter of 2016, higher 75.2% year-over-year from EGP 43.6 million, the consolidated results revealed Tuesday.
Over the first nine months, consolidated net profit rose 36% year-on-year to EGP 151.5 million from EGP 111.4 million.
The standalone results showed that the company logged EGP 4.1 billion losses during the third quarter, compared with EGP 1.4 billion losses for the year-ago quarter.
Its standalone nine-month profits declined 56.2% year-on-year to EGP 1.4 million from EGP 3.2 million.
Yesterday, the stock quote steadied at 24 piasters.
