Cairo – Mubasher: The Housing and Development Bank (HDB) on Wednesday reported a consolidated net profit of EGP 222.7 million ($25.34 million) in the second quarter of 2016, up 31.5% year-on-year from EGP 169.3 million ($19.27 million).
HDB also posted a consolidated net profit of EGP 406.4 million ($46.25 million) in the first six months of the year, up 24.5% from EGP 326.5 million ($37.16 million) in H1-15, according to a statement to the Egyptian Exchange (EGX).
The bank previously said it achieved a 17% rise year-on-year in consolidated profits for Q1-16 to EGP 183.7 million.
The stock ended Wednesday’s session down slightly, slipping 0.06% to close at EGP 17.35 following a turnover of EGP 55,500.
