Egypt’s Naeem Holding first-half net profit jump 422.8%

Egyptian investment bank Naeem Holding reported a near 422.8 percent jump in first-half net profit on Wednesday due to a gain on revenues.

Net profit was $2.43 million for the first half ended June 30, compared with $456,490 last year.

Revenues reached $10.01 million for the six months to June this year, compared with $6.9 million in the same period last year.