ArabFinance: Amer Group Holding (AMER) posted a consolidated net profit attributable to the parent company of EGP 8.44 million in 2021, versus a net loss of EGP 8.08 million in 2020, according to the company’s financial statements filed to the Egyptian Exchange (EGX).

The company generated consolidated revenue of EGP 1.78 billion last year, up from EGP 1.38 billion in 2020.

On the other hand, the company incurred a standalone net loss after tax of EGP 1.29 million in 2021, versus a net profit of EGP 34.04 million a year earlier.

Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurant, hotel, malls, retail, among others.