June 5, 2012 / 8:17 AM / in 5 years

Egypt's EFG Hermes says Q1 net profit fell 6.8 pct

CAIRO, June 5 (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)

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