Cairo – Mubasher: The consolidated financial statements of Housing and Development Bank (HDB) showed a 4.6% year-on-year profit increase during the first six months of 2019.
The bank’s consolidated profit went up to EGP 1.12 billion ($67.67 million) in H1-19, compared to EGP 1.07 billion ($64.65 million) in the year-ago period, according to a bourse statement released on Tuesday.
During the second quarter of 2019, the EGX-listed reported a consolidated profit of EGP 522.61 million, versus EGP 443.99 million the year before.
Earlier in August, HDB posted a 7.8% year-on-year increase in its standalone profits in the six-month period ended 30 June 2019, recording EGP 1.072 billion.
