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EFG Hermes reports 78.5% profit hike in H1-21

EFG Hermes reports 78.5% profit hike in H1-21
The revenues levelled up to EGP 3.59 billion in the six-month period
EFG Hermes
HRHO
-0.16% 12.33 -0.02

Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) posted a 78.48% year-on-year (YoY) leap in its consolidated net profits, logging EGP 754.95 million in the first half (H1) of 2021, compared to EGP 422.97 million, including minority shareholders' rights. 

The revenues levelled up to EGP 3.59 billion in the six-month period ended 30 June from EGP 2.92 million in the year-ago period, the company said in a bourse disclosure on Wednesday. 

Moreover, the standalone net profits soared to EGP 307.32 million in H1-21, compared to EGP 70.95 million in H1-20. 

During the first quarter (Q1) of 2021, EFG Hermes reported consolidated net profits of EGP 312.13 million, up from EGP 98.92 million in Q1-20, including minority shareholders' rights.