Egypt’s Amer Group H2 Net Profit up 28%

Big 5

Egyptian real estate company Amer Group posted a 27.9 percent rise in net profit for the first half of 2014, it said in a bourse statement on Tuesday.

The firm, which owns hotels, restaurants and malls, among other businesses, made a net profit of 44.4 million Egyptian pounds(6.21 million US dollar) in the sixth months to end-June compared with 16.5 million pounds in the same period a year earlier. (1 US dollar = 7.1500 Egyptian pound).