Thursday, 16 June 2011 14:16
CAIRO: Egyptian real estate company Amer Group said on Thursday its un-audited first quarter net profit was 133.9 million Egyptian pounds ($22.5 million).
Amer, a property conglomerate, began trading on the stock exchange Nov. 30, after a heavily oversubscribed initial public offering.
The firm did not provide a figure for the first quarter of 2010 but gave a full 2010 year net profit figure of 557.1 million pounds.
Revenue was 329.9 million pounds for the 2011 first quarter.