{"id":582705,"date":"2023-03-13T00:00:00","date_gmt":"2023-03-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/"},"modified":"2023-03-13T00:00:00","modified_gmt":"2023-03-13T00:00:00","slug":"earnings-watch-amer-group-records-2022-net-loss","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/","title":{"rendered":"Earnings watch: Amer Group records 2022 net loss"},"content":{"rendered":"

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

Amer Group ends 2022 in the red:<\/span> Amer Group recorded EGP 195 mn in net losses in 2022,<\/span> compared to a net income of EGP 83 mn in 2021, according to <\/span>a bourse disclosure (pdf)<\/a><\/span>. The company\u2019s real estate arm saw its revenues drop 47% y-o-y in 2022, while its topline fell 29% y-o-y to EGP 1.3 bn last year. <\/span><\/p>\n

<\/p>\n

\n

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

The EGX30 fell 3.1% at today\u2019s close<\/span> on turnover of EGP 2.22 bn (8.3% above the 90-day<\/span> average). Foreign investors were net sellers. The index is up 5.8% YTD.<\/span><\/p>\n

In the green: <\/span>e-Finance <\/span>(+1.4%), Orascom Construction (+0.5%) and Edita (+0.4%).<\/span><\/p>\n

In the red: <\/span>Ibnsina Pharma <\/span>(-11.1%), Palm Hills Development (-9.2%) and Credit Agricole Egypt (-8.5%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 its topline fell 29% […]<\/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":[832,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582705","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-amer-group","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"45c16e16-0017-4e11-bc7d-ba729ec8b6c7","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[582691],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.d78f3f2d-09cd-49cc-8832-2e4ef14fbc44.mp3"},"yoast_head":"\nEarnings watch: Amer Group records 2022 net loss - 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\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\" \/>\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 records 2022 net loss\" \/>\n<meta property=\"og:description\" content=\"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 its topline fell 29% […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-13T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings watch: Amer Group records 2022 net loss\",\"datePublished\":\"2023-03-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\"},\"wordCount\":112,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Amer Group\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/03\/13\/earnings-watch-amer-group-records-2022-net-loss\/\",\"name\":\"Earnings watch: Amer Group records 2022 net loss - 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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":545083,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/02\/earnings-watch-amer-group\/","url_meta":{"origin":582705,"position":1},"title":"Earnings watch: Amer Group","author":"enterpriseam admin","date":"2 March 2022","format":false,"excerpt":"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\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":596166,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/20\/amer-group-reports-egp-297-mn-net-income-in-2q2019\/","url_meta":{"origin":582705,"position":2},"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":593060,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/earnings-watch-sodic-telecom-egypt-tmg-amer-group\/","url_meta":{"origin":582705,"position":3},"title":"Earnings watch: SODIC, Telecom Egypt, TMG, Amer Group","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"EARNINGS WATCH- SODIC\u2019s 3Q2019 net profits came in at EGP 168 mn, with a profit margin of 12%, the company said in an earnings statement (pdf) on Thursday. Revenues for the quarter more than doubled y-o-y to EGP 1.4 bn with net contracted sales recording EGP 614 mn, dropping y-o-y\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":554808,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/14\/earnings-season-is-in-full-swing\/","url_meta":{"origin":582705,"position":4},"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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