Cairo – Mubasher: Porto Group Holding earned EGP 27.8 million in the first quarter of 2016 compared to EGP 37.3 million during August – December 2015, said the company in a bourse filing  according to its consolidated financial statements.

Meanwhile, its unconsolidated financial statements revealed that the company logged EGP 5 million losses in the first quarter against 96 million profits in the last five months of 2015.

Amer Group had split into two companies: Porto Holding Group (demerged company) and Amer Group Holding (demerging company).