Egypt's EFG-Hermes says Q1 profit more than triples

Reuters
0 Min Read

CAIRO: Egyptian investment bank EFG-Hermes on Monday said its net profit more than tripled year-on-year in the first quarter of 2010.

The firm made a net profit of LE 484 million ($86 million) on revenue of LE 1.07 billion, compared to a net profit of LE 140 million on revenue of 328 million a year earlier, it said in an earnings release.

Share This Article
Follow:
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.