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Amer Group’s full-year net income plunges 79%

: Tuesday, February 25 - 2014 @ 03:27

Egyptian real estate firm, Amer Group has reported a 79% fall in net profit for 2013, Reuters has reported. The group, which owns hotels, restaurants, malls, and other businesses, made EGP31.996m ($4.6m) last year, compared with EGP155.554m ($22.3m) in 2012. Revenues for the year dropped to EGP877.7m ($126m) from EGP1.15bn ($0.16bn) a year earlier, the firm said.

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Tuesday, February 25- 2014 @ 3:27 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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