Arab Finance: Amer Group Holding (AMER) has reported a 46.49% year-on-year (YoY) climb in consolidated profits attributable to the parent company during the first half (H1) of 2023, recording EGP 18.032 million, compared to EGP 12.309 million in H1 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on August 15^th.

Revenue increased to EGP 651.827 million in H1 2023 from EGP 616.330 billion in H1 2022.

As for the standalone statement, the company registered net profits after tax of EGP 5.404 million in the six-month period ended June 30th, compared to a net loss of EGP 23.169 million in the year-ago period.

Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurants, hotels, malls, and retail.

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