Amer Group Net Profits Fall 37.1%; H1

Amer Group Holding (AMER.CA) has announced its consolidated business results for the first half of 2012 which revealed posting net profits of EGP 126.79 million, 37.1% down from a year earlier net profits of EGP 201.435 million.

The standalone business results have shown net losses of EGP 13.486 million during H1/2012, compared to net profits of EGP 486.622 million during H1/2011.