Cairo-Mubasher: EFG-Hermes Holding brought down it losses by 38.8% to EGP 54.1 million ($6.9 million) in the first half of 2015, compared with EGP 88.4 million ($11.3 million) for the same period of 2014.

EFG-Hermes saw EGP 181.5 million in net profits for the first quarter of 2015, compared with EGP 161 million for the same period of 2014.

Earlier, the company's management revealed that they target the flotation of two companies on the Egyptian Exchange during 2015, which include Emaar Misr and a foodstuff industries company.