Cairo – Mubasher: Amer Group Holding Co is still conducting marketing and financial studies to decide on the feasibility of buying a land in New Sohag City.
The company hasn’t reached a final agreement yet on the exact area and price of the new land plot to be allocated in New Sohag as confirmed earlier in December 2019, according to a bourse disclosure on Tuesday.
Any new developments on the matter will be disclosed in a timely manner, the company added.
During the first six months of 2020, Amer Group generated EGP 27.608 million in net profits, up from EGP 25.42 million in the year-ago period, including minority shareholders’ rights.
