Egypt's EFG-Hermes reports H1 profits rise

16 August 2010

Egyptian investment bank EFG-Hermes has reported an 83.2% increase in first-half net profit to EGP580m ($101.7m) compared to EGP316.5m achieved in the same period a year earlier, Reuters has reported. The figure implied a second-quarter net profit of EGP96.4m based on previous calculations of reported first-quarter net profit of EGP483.6m.

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