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Egypt’s EFG Hermes says first quarter net profit fell 6.8 percent

June 5, 2012 5:24 by Reuters

Egypt’s EFG Hermes said on Tuesday its net profit for the first quarter fell 6.8 percent from the same period a year earlier.

Net profit for the period dropped to 77.0 million Egyptian pounds ($12.75 million) from 82.7 million in the first quarter of 2011, the bank said in a statement posted on the stock exchange website.

($1 = 6.0390 Egyptian pounds)

(Reporting by Ehab Farouk, writing by Patrick Werr)

Tags: EFG Hermes-result, Egypt, Q1 net profit

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