16.11.2009 - EFG-Hermes Q3 profit down 28pct
From Tradearabia.com: EFG-Hermes, a leading investment bank in the Arab world, said its net profit for the third quarter of 2009 fell 28 per cent to EGP346 million ($63.4 million) when compared to the same period last year. The bank's total consolidated revenues dropped 9.4 per cent from the previous quarter. This came as regional indices shed 22 per cent of their value compared with last year. Similarly, the trading volumes were down 33 per cent year-on-year and 44 per cent quarter-on-quarter..........................Full Article: Source
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