CAIRO: Egyptian investment bank Pioneers Holding made a net profit of LE 30.5 million ($5.1 million) in the second quarter of 2011, up from LE 10.1 million a year earlier, it said in a statement.
Revenues grew to LE 45.5 million from LE 27.9 million, the bank said.
In a statement sent to the stock exchange, it attributed the improved results to gains on investment sales and an upward revision of the value of some investments.
