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Egypt's EFG-Hermes sees Q2 net profit fall by 19%
EFG-Hermes, Egypt's biggest investment bank, said on Sunday its net profit for the second quarter of 2011 fell 19 percent year on year as operating costs outstripped revenue growth. Net profit fell to 79 million Egyptian pounds ($13.2 million) from 97 million pounds in the second quarter of 2010, it…
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