Arab Finance: Housing and Development Bank (HD Bank) (HDBK) reported a 81.8% year-on-year (YoY) increase in consolidated net profit after tax for the first half (H1) of 2024, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on August 14th.

Consolidated net profit after tax amounted to EGP 5.971 billion in H1 2024, compared to EGP 3.285 billion in H1 2023.

Meanwhile, the bank’s standalone net profit after tax rose by 71.1% YoY to EGP 5.158 billion in the January-June period from EGP 3.015 billion.

HD Bank is an Egypt-based commercial and investment bank that operates in the housing and development sector. HD Bank also contributes to alleviating the housing problem through the establishment of an integrated group of housing projects across Egypt.

Ezz Steel moves to profits in H1 2024 Updated 9/11/2024 10:04:00 AM

Macro Group moves to loss in H1 2024 Updated 9/4/2024 11:12:00 AM

Arab Drug Company sees 24% YoY profit increase in FY2023/24 Updated 9/1/2024 10:53:00 AM

Rowad Tourism’s consolidated losses widen 240.2% YoY in H1 Updated 8/29/2024 9:37:00 AM

Aspire Capital’s consolidated profits drop 45.5% YoY in H1 Updated 8/29/2024 9:13:00 AM