Amer Group announced earnings results for the nine months of 2016. For the nine months, the company reported group's total revenues registered EGP 1.8 billion compared to EGP 1.5 billion for the same period in 2015, an increase of 22%. In terms of the current situation taking place in the Egyptian market following the Egyptian pound's flotation, the group decided to increase the prices of tourism and real estate units that will be implemented during the current year, due to price hikes of construction materials, including cement, steel, labour, and lands. The group registered net profits of EGP 151.5 million in the first nine months of 2016, compared to EGP 111.4 million the same period of 2015, a growth of 36%.