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Egypt’s EFG Hermes says Q1 net profit jumps 27 pct

EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period a year earlier, the bank said on Wednesday.

Net profit for the period increased to 98 million Egyptian pounds ($14 million) from 77.0 million pounds in the first quarter of 2012, the bank said in a statement sent to the Egyptian stock exchange.

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