Egypt's Amer Group H1 net falls 13 pct: bourse

Egyptian real estate company Amer Group's first-half net profit fell 13 percent to 201.4 million Egyptian pounds, the bourse said on Tuesday.

Amer, a property conglomerate, began trading on the stock exchange on November 30 last year after a heavily-oversubscribed initial public offering. The firm, which owns hotels, restaurants, malls, a catering firm, a utilities company and other businesses, made a net profit of 232.3 million pounds for the same period in 2010.