Cairo – Mubasher: Porto Group Holding and Amer Group Holding Co have mentioned the latest updates pertaining to their projects after split-up in 2015.

The two firms’ subsidiaries reached 11 in 2015 and 2016, while they totaled 12 and 13 in 2017 and 2018, respectively, the two companies said in separate statements on Sunday.

Almost five arms of the two firms were responsible for 12 projects, of which two projects were completed in 2016 and one was finished in 2017, while the remaining nine projects are still under-construction, data showed.

It is worth noting that Amer Group had logged an EGP 74.7 million in consolidated profit for the full-year ended 31 December 2018, compared to EGP 92.9 million in 2017.

Meanwhile, Porto Group had achieved a net profit of EGP 114.64 million in profits for FY18, versus EGP 245.5 million in the same period of 2017.