Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Earnings 📈 » EFG Hermes 9-month 2022 profits down YoY🏦

EFG Hermes 9-month 2022 profits down YoY🏦

by Shams Abbas
November 16, 2022

The Clap
EFG Hermes (HRHO) saw its profits for the first nine months of 2022 down 3% on a yearly basis.

What
Revenues on the other hand increased by 56%, mainly driven by the group’s subsidiary Arab Investment Bank.

Costs to operate the business also increased significantly, due to increased salaries as a result of inflation.

So what
If we look at profits before taxes, we’d see a 43% year-over-year increase, which back the company’s claim that the rise in the tax rate affected its bottom line.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Financial Services 💸

CI Capital on the lookout for investment opportunities

by Shams Abbas
January 31, 2023
Financial Services 💸

Faisal Islamic Bank sees strong earnings

by Shams Abbas
January 24, 2023
Financial Services 💸

EFG’s valU eyes EGP 4.5 billion securitized bonds issuance

by Shams Abbas
January 22, 2023
B Investments plans to invest EGP 2bn into healthcare and F&B 💰
Financial Services 💸

B Investments plans to invest EGP 2bn into healthcare and F&B 💰

by Omar El Shorafa
January 19, 2023
Financial Services 💸

EFG Hermes to start exiting from Jordan, Pakistan and another market

by Omar El Shorafa
January 17, 2023
Summary of IMF’s meeting about Egypt’s loan
Financial Services 💸

The SFE & Etisalat Misr to establish a new company 🤝

by Omar El Shorafa
January 17, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)