Cairo – Mubasher: Housing and Development Bank (HDB) on Wednesday reported a 54% year-on-year surge in consolidated profits for the first nine of 2018.
Net profit reached EGP 1.58 billion at the end of September, versus EGP 1.02 billion in the corresponding nine-month of 2017, the bank said in a filing to the Egyptian Exchange (EGX).
Revenues grew to EGP 4.65 billion in the nine-month period, from EGP 2.98 billion in the prior-year period, the lender added.
HDB previously posted a 56.8% year-on-year surge in standalone profits for the first nine of 2018, recording EGP 1.39 billion from EGP 888 million.
