Egypt .. EFG Hermer

The share of the “Hermes” Hermes Group, which is running and trading on the Egypt Stock Exchange, increased by 3.27% in the mid -trading today, to circulate at the price of 29.69 pounds per share, to record its highest price since its inclusion.

The trading on the EFG Holding shares at that time through 2915 trading operations, at 10.19 million shares with a value of trading 303.68 million pounds.

The highest price for the share was at that time at 30.45 pounds, while the lowest price for the share was at 28.81 pounds, to touch the share in this as its highest price since it was included in the stock exchange.

EFG Holding’s financial statements revealed a strong leap in its net profit during 2024, recording a growth of 68.38% on an annual basis.

The company achieved a net profit of 5.33 billion pounds during the past year, compared to 3.16 billion pounds in 2023, with minority rights calculated. The total revenue increased to 24.35 billion pounds, compared to 14.66 billion pounds in the previous year.

On the other hand, the unacceptable financial statements showed that the independent company turned into losses during the year 2024, at a value of 345.73 million pounds, compared to profits of 426.88 million pounds in 2023.

EFG Holding had recorded profits of 4.17 billion pounds during the first nine months of 2024, compared to 2.09 billion pounds during the same period from 2023, taking into account the minority rights.

The revenues increased during the same period to 18.57 billion pounds, compared to 10.49 billion pounds in the same period of the previous year.

These results reflect the strong performance of the company’s units, despite the losses recorded at the level of the parent company.