{"id":545083,"date":"2022-03-02T13:46:25","date_gmt":"2022-03-02T13:46:25","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/earnings-watch-amer-group\/"},"modified":"2022-03-02T13:46:25","modified_gmt":"2022-03-02T13:46:25","slug":"earnings-watch-amer-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/earnings-watch-amer-group\/","title":{"rendered":"Earnings watch: Amer Group"},"content":{"rendered":"

EARNINGS WATCH- <\/strong><\/p>\n

Amer Group\u2019s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn<\/strong>, according to the company\u2019s financials (pdf)<\/a>. Revenues increased 29% y-o-y to EGP 1.8 bn in 2021.<\/p>\n

MARKET ROUNDUP- <\/strong><\/p>\n

The EGX30 fell 0.8% at today\u2019s close<\/strong> on turnover of EGP 829 mn (17% below the 90-day average). Foreign investors were net sellers. The index is down 6.4% YTD.<\/p>\n

In the green: <\/strong>Qalaa Holdings (+3.6%), CIRA (+2.9%) and Telecom Egypt (+2.8%).<\/p>\n

In the red: <\/strong>Palm Hills Development (-3.1%), Cleopatra Hospital (-2.7%) and Rameda (-2.7%).<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Amer Group\u2019s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn, according to the company\u2019s financials (pdf). Revenues increased 29% y-o-y to EGP 1.8 bn in 2021. MARKET ROUNDUP- The EGX30 fell 0.8% at today\u2019s close on turnover of EGP 829 mn (17% below the 90-day average). Foreign investors were net sellers. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[832,68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545083","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-amer-group","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"0ab27371-251b-495d-98ae-73784072b3a4","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[545075],"teaser":"","voice_url":""},"yoast_head":"\nEarnings watch: Amer Group - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/earnings-watch-amer-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings watch: Amer Group\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Amer Group\u2019s bottomline rose 226% y-o-y in 2021 to EGP 83.2 mn, according to the company\u2019s financials (pdf). 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Revenues also fell during the quarter, recording EGP 618.15 mn, a nearly 40% y-o-y decline.MARKET ROUNDUP- The EGX30 rose 0.5% at today\u2019s close on turnover of EGP 586 mn\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":582705,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/","url_meta":{"origin":545083,"position":1},"title":"Earnings watch: Amer Group records 2022 net loss","author":"enterpriseam admin","date":"13 March 2023","format":false,"excerpt":"EARNINGS WATCH-Amer Group ends 2022 in the red: Amer Group recorded EGP 195 mn in net losses in 2022, compared to a net income of EGP 83 mn in 2021, according to a bourse disclosure (pdf). The company\u2019s real estate arm saw its revenues drop 47% y-o-y in 2022, while\u2026","rel":"","context":"In "GO WITH THE FLOW"","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554808,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/earnings-season-is-in-full-swing\/","url_meta":{"origin":545083,"position":2},"title":"Earnings season is in full swing","author":"enterpriseam admin","date":"14 November 2021","format":false,"excerpt":"Abu Qir Fertilizers reported an 88% y-o-y increase in its bottom line to EGP 1.3 bn in 1Q2021-2022, according to the company\u2019s quarterly financials (pdf). The company\u2019s top line grew 52% y-o-y to EGP 2.7 bn during the first quarter of its fiscal year, which begins in July. 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Revenues rose 8% y-o-y in the first half to 1.034 bn.Amer Group also announced signing an agreement with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596166,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/amer-group-reports-egp-297-mn-net-income-in-2q2019\/","url_meta":{"origin":545083,"position":4},"title":"Amer Group reports EGP 297 mn net income in 2Q2019","author":"enterpriseam admin","date":"20 August 2019","format":false,"excerpt":"EARNINGS WATCH- \u0650Amer Group reported net income of EGP 297 mn in 2Q2019, down 16% y-o-y from EGP 354 mn in 2Q2018, the company said in a bourse disclosure (pdf).","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651403,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/12\/amer-group-fy2016-earnings\/","url_meta":{"origin":545083,"position":5},"title":"Amer Group FY2016 earnings","author":"enterpriseam admin","date":"12 February 2017","format":false,"excerpt":"** Earnings Watch: Amer Group reported a 9.88% y-o-y increase in net profit after tax and minority interest for FY2016, coming in at EGP 184.45 mn compared to EGP 167.87 mn in FY2015, according to a regulatory filing. The news came as sister company Porto Group\u2019s board of directors approved\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545083"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545083\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/545075"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545083"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545083"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}