Cairo – Mubasher: Porto Group Holding earned EGP 96.3 million during the first nine months of 2016, the consolidated financial results indicated.
From 30 August 2015 until 31 December 2015, the company registered EGP 37.3 million profits, said the company in a bourse filing on Tuesday.
During the first nine months of 2016, the company registered EGP 2.01 billion, while real estate contracts and reservations hit EGP 6.2 billion by the end of 30 September 2016.
The unconsolidated results showed that the company lost EGP 9.6 million over the first nine months of 2016, while the standalone statements reported EGP 96.9 million profits after tax.
Amer Group had split into two companies: Porto Holding Group (demerged company) and Amer Group Holding (demerging company).
