AMER GROUP HOLDING
AMER
Financial ResultsPositive News
Amer Group's Profit Surge: A Bright Spot in 2024
Amer Group's 2024 profits surged to EGP 73.71m, a notable increase from the previous year, driven by revenue growth.
February 27, 2025 at 8:28:00 PMScore: 85

Amer Group Holding Company witnessed a significant upswing in its financial performance throughout 2024. Consolidated net profits after tax soared to EGP 73.71 million, marking a substantial increase from the EGP 45.91 million reported in the previous year. This impressive growth was underpinned by a robust rise in revenues, climbing to EGP 1.41 billion from EGP 1.23 billion in 2023. Consequently, the company's earnings per share also saw a positive trajectory, reaching EGP 0.06 compared to EGP 0.04. Furthermore, standalone net profits after tax experienced a notable jump, reaching EGP 10.19 million in 2024, a considerable improvement from the EGP 2.75 million recorded in 2023. However, it's worth noting that the first half of 2024 presented a different picture, with consolidated profits showing a dip to EGP 13.88 million from EGP 26.92 billion in the corresponding period of 2023.
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Positive Aspects
- Substantial growth in full-year consolidated net profits.
- Significant increase in overall revenues.
- Improvement in earnings per share.
- Strong growth in standalone net profits.
Negative Aspects
- Decrease in consolidated profits during the first half of 2024 compared to the first half of 2023.