Cairo – Mubasher: Al Baraka Bank – Egypt posted on Sunday a year-on-year rise of 22.48% growth in its net profit for the first quarter of fiscal year 2017.

Net profit reached EGP 156.04 million in Q1-17, compared to EGP 127.4 million for Q1-16, according to a bourse filing.

The bank had earlier posted a net profit of EGP 127.4 million for FY16.

The stock fell 1.14% to EGP 12.15 in Sunday’s mid-trading.