Amer Group cancels plan to build project in New Sohag City

Amer Group Holding Co cancelled a plan to buy a land plot in New Sohag City for building an urban project.

The company took its decision after conducting financial and marketing studies to consider the feasibility of the project, according to a bourse disclosure on Tuesday.

During the first six months of 2020, Amer Group Holding Co achieved net profits of 27.608 million Egyptian pounds, up from  25.42 million pounds in the year-ago period, including minority shareholders’ rights.