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Egypt's EFG-Hermes 2011 net tumbles 63 pct: Bourse
Political turmoil has its effect on the bottom line of Egypt's largest investment bank
Reuters Published in Ahram Online on 08 - 04 - 2012

Egyptian investment bank EFG-Hermes saw its net income slide 63 per cent in 2011, the stock exchange said on Sunday.
Consolidated net income last year was LE307.7 million ($50.96 million), down from LE826.2 million in 2010, a statement from the bourse said.
Like other Egyptian financial firms, EFG-Hermes was hit last year by the turmoil that followed a popular uprising that unseated the country's president.

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