EFG-Hermes Says H1 Net Profit Shrank to EGP69 mln

EFG-Hermes (HRHO.CA), the Middle East’s largest investment bank, reported on Sunday net profit of EGP 69 million during the first half of 2013, compared to EGP 148 million posted during the same period a year earlier.

Basic earnings per share for H1/2013 hit EGP 0.08/share, opposed EGP 0.13/share for the same period a year earlier.

The equity rights have reached around EGP 12.2 million by the end of last June, compared to EGP 11.3 billion by the end of December 2012.