Egyptian Amer Group says Q3 net profit falls 56.4%

Egyptian real estate company Amer Group said Thursday its third-quarter net profit fell 56.4 percent.

Amer Group made a net profit of 43.6 million pounds in the third quarter of this year, compared with 100 million pounds in the same quarter a year earlier, it said.

It made 111.4 million Egyptian pounds ($14.23 million) in the first nine months of the year, compared with 168.5 million pounds in the same period a year earlier.

source: Reuters