Egypt Housing and Development Bank posts Q1 loss

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CAIRO: Egypt’s Housing and Development Bank said it swung to a first-quarter net loss, according to a company statement published via the stock exchange on Monday.

The net loss of LE 25.9 million ($4.34 million) compared with a net profit of LE 59.7 million in the same period last year.

The small-cap stock rose 2.3 percent on Monday.


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