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Egypt's Amer Group posts 87 pct drop in Q1 profit
May 8, 2014 / 7:55 AM / 3 years ago

Egypt's Amer Group posts 87 pct drop in Q1 profit

CAIRO, May 8 (Reuters) - Egypt real estate company Amer Group’s first-quarter net profit fell 87 percent to 2.026 million Egyptian pounds ($288,200), the company said in a statement sent to the stock exchange on Thursday.

Net profit was 15.352 million pounds in the same period a year earlier.

$1 = 7.0302 Egyptian Pounds Reporting by Stephen Kalin; editing by Jason Neely

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