Cairo – Mubasher: Housing and Development Bank’s (HDB) consolidated profits for the third quarter of the fiscal year 2016 rose by 104.6% to EGP 159.9 million, compared to EGP 78.2 million for Q3-15.
Consolidated profits for the first nine months of 2016 grew by 38.65% to EGP 544.6 million from EGP 400.2 million for the same period last year, according to a bourse filing released on Tuesday.
The bank earlier reported consolidated profits of EGP 177 million for Q2-16, rising 22.9% year-on-year.
By 01:06pm Cairo time, the stock rose before today’s close by 2.48% to EGP 20.7.
