Arab Finance: Amer Group incurred EGP 194.33 million in consolidated net loss after tax and non-controlling interest in 2022, compared to EGP 8.45 million in net profits in 2021, according to the financial statements filed to the EGX on March 13^th.

Revenues dropped 36.7% year on year to EGP 870.48 million last year from EGP 1.38 billion in the prior year.

Meanwhile, the firm’s standalone losses spiked to EGP 46.33 million in 2022, versus EGP 1.3 million in 2021.

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