Cairo – Mubasher: The Housing and Development Bank (HDB) said Thursday that its standalone profits for the fourth quarter of fiscal year 2016 increased 10% to EGP 100 million, compared to EGP 91 million for Q4-15.
Standalone profits for fiscal year 2016 rose 31.1% to EGP 644 million from EGP 491 million for FY15, according to a bourse statement.
Foreign exchange losses amounted to EGP 131 million in 2016, another statement said.
