The financial statements of Amer Holding Group revealed a 48.4% decline in profits during the first half of this year.

It explained in a statement to the stock exchange today that it achieved a net profit of EGP 13.88 million during the period from January to the end of June, compared to profits of EGP 26.92 million in the comparable period last year.

Revenues amounted to EGP 516.84 million, compared to EGP 651.82 million for the comparative period of 2023.

In terms of independent statements, losses amounted to EGP 4.78 million, compared to profits of EGP 5.4 million during the same period of 2023.

Amer Holding Group - Amer Group, previously achieved profits of EGP 14.97 million during the period from January to the end of March 2024, compared to profits of EGP 41.41 million in the comparative period of 2023.

The company's revenues declined during the first quarter of this year to EGP 265.42 million, compared to EGP 390.43 million in the comparative quarter of last year.