Arab Finance: Amer Group Holding (AMER) has reported a 24.1% year-on-year (YoY) climb in consolidated profits attributable to the parent company during the first quarter (Q1) of 2023, recording EGP 27.811 million, compared to EGP 22.411 million in Q1 2022, according to the financial statement filed to the Egyptian Exchange (EGX) on May 30^th.

Revenue increased to EGP 390.437 million in Q1 2023 from EGP 377.910 billion in Q1 2022.

As for the standalone statement, the company registered net profits after tax of EGP 11.717 million in the three-month period ended March 31st, compared to a net loss of EGP 17.723 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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