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HDB first quarter profit tumbles - Daily News Egypt

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HDB first quarter profit tumbles

Egypt’s Housing and Development Bank’s (HDB) first quarter net profit tumbled 45 percent from the same period a year earlier, the bourse said on Monday. The firm made a consolidated profit of LE 59.7 million ($10.5 million), down from LE 108.3 million in 2009, the stock exchange said. Last year, HDB bought 39 percent of …


Egypt’s Housing and Development Bank’s (HDB) first quarter net profit tumbled 45 percent from the same period a year earlier, the bourse said on Monday.

The firm made a consolidated profit of LE 59.7 million ($10.5 million), down from LE 108.3 million in 2009, the stock exchange said.

Last year, HDB bought 39 percent of Dubai-based Damac Holding’s Egypt unit, whose main project is the 1,500 hectare Hyde Park housing development east of Cairo.

 

 

Topics: nasr city

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https://www.dailynewsegypt.com/2010/06/15/hdb-first-quarter-profit-tumbles/
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