Amer Group Holding Company (AMER) has achieved a remarkable turnaround, reporting a consolidated net profit of EGP 45.91 million for 2023, a significant leap from a net loss of EGP 101.87 million in 2022. Revenues surged to EGP 1.23 billion last year, up from EGP 870.48 million in 2022, driven by strong operational performance. The company’s earnings per share (EPS) stood at EGP 0.06 for 2023. On a standalone basis, Amer Group recorded a net profit of EGP 2.75 million in 2023, compared to a loss of EGP 46.33 million the previous year, with standalone EPS at EGP 0.003. Notably, the group’s 9-month consolidated net profit for 2023 reached EGP 40.07 million, up from EGP 35.13 million in the same period in 2022.