Arab Today, arab today egypt\s efghermes see 9 months profits drop
Last Updated : GMT 05:35:14
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Egypt\'s EFG-Hermes see 9 months profits drop

Arab Today, arab today

Arab Today, arab today Egypt\'s EFG-Hermes see 9 months profits drop

Cairo - Arabstoday

Egyptian investment bank, EFG-Hermes, said it realised a net income of LE232 million in the first nine months of 2012, an 18.8 per cent drop below the same period last year. On a quarterly basis, EFG realized a 7 per cent growth in net income, which reached LE83.8 million ($14 million) in the third quarter of 2012. EFG-Hermes is the largest investment bank in the Arab world, with total assets of LE56.3 billion, From Ahramonline

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