Last Update 16:47
Sunday, 21 July 2019

Egypt's Amer Group posts 79% drop in 2013 profit

Reuters, Monday 24 Feb 2014
Views: 650
Views: 650

Egyptian real estate company Amer Group posted a 79 percent drop in net profit for 2013.

Amer Group, which owns hotels, restaurants, malls, and other businesses, made LE31.996 million ($4.60 million) last year, compared with LE155.554 million ($22.3 million) in 2012, it said in a statement on Monday.

Revenues for 2013 dropped to LE877.7 million ($126 million) compared with LE1.15 billion ($0.16 billion) a year earlier.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.