• Register
EFG

EFG-Hermes swings to full-year loss

: Saturday, March 29 - 2014 @ 11:21

Egyptian investment bank, EFG-Hermes has reported a net loss in 2013, hit by one-off charges including a writedown in the value of certain investments, Reuters has reported. The bank said it made a net loss of EGP335m ($48m), compared with a profit of EGP211m in 2012. Excluding the charges, normalised net profit doubled from 2012, it said. The one-off charges totalled EGP761m, including EGP616 the fourth quarter alone, EFG-Hermes said.

Today's Top Stories

Posted by

Saturday, March 29- 2014 @ 11:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services





Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically



JobsVIEW ALL

Search for jobs

Latest Jobs