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Egyptian Gulf Bank Q1 net profit falls 23 pct Egyptian Gulf Bank said on Sunday its net profit for the first quarter of 2011 fell 23 per cent year on year
Egyptian Gulf Bank said on Sunday its net profit for the first quarter of 2011 fell 23 percent year on year. Net profit was 21.2 million Egyptian pounds ($3.56 million), down from 27.6 million pounds a year earlier, it said in a statement released by the stock exchange. (Reporting by Sarah Mikhail)