UPDATE 1-Egypt's Amer Group Q2 net profit plunges 98 pct

August 13, 2015 10:07 AM

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CAIRO Aug 13 (Reuters) - Egypt's Amer Group reported a sharp fall in second quarter net profit on Thursday to 856,763 Egyptian pounds ($109,490) from 42.36 million a year earlier on higher expenses and lower revenue.

Revenue fell 10 percent to 392.29 million pounds from 436.97 million, the real estate company said in a statement.

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