EFG Hermes’ consolidated profits jump 44% in 1st half of 2019

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CAIRO – 8 August 2019: EFG Hermes reocrded consolidated profits of LE 686.56 million during the first half of 2019, compared to LE 477.17 million including minority rights during the same half of 2018, marking a 44 percent increase.

EFG Hermes’ finacnial indicators revealed accomplishing revenues of LE 1.7 billion during the first six months of 2019, up from LE 1.17 billion during the same months of 2018.

During the second quarter of 2019, the company’s profits surged to LE 306.5 million, compared to LE 213.5 million during the same quarter of 2018.

As per standalone results, the company recorded profits of LE 64.7 million during the first six months of 2019, compared to LE 101.49 million during the same period of 2018.

The Company reached profits of LE 381.34 million during the first quarter of 2019, compared to LE 266.49 million in the same quarter of 2018.

EFG Hermes operates within the Diversified Financials sector focusing on Investment Banking and Brokerage. It has subsidiaries operating across the Carribian, Northern Africa and Middle East.

 

Source : egypttoday.com

 

 

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