Wednesday , October 5 2022

Hermas' revenue in the third quarter is more than £ 1 billion


EFG-Hermes, the leading financial institution which produces fruit in the third quarter of 2018.

The slowdown in the summer era and the Eid Al Adha Holidays were the group's total revenues from $ 1.03 billion and annual growth was 24%. If the non-recurring income was omitted, 64 percent increase in the third quarter of 2018 was possible.

After tax and minority interest in the same period, the company achieved an impressive growth of 279 million yen, an increase of 18%.

The revenue of the fees and commission increased significantly during the third quarter of 2018, when the results of the company's performance were 79 per cent annually. The majority of operating segments reached 847 million in the third quarter, resulting in better performance.

Non-banking financial sector continued its robust growth in the third quarter of this year. EGP The major contributor to growth was the 286 million yuan, 81% yearly increase, and the TMM microfinance. In this context, 28% of the total revenue of the group in the third quarter of this year is from the revenue of this sector, 2017 at the same time as 19%.

In the third quarter of 2018, revenues of IPO, brokerage and securities brokerage sectors reached 440 million UG. It grew by 128% annually. 864% invest in the third quarter only.

He said this strong performance will continue in the last months of 2018. Revenue growth and net profit will improve in the third quarter of 2018, he said.

In the third quarter of 2018, Avod praised the success of the promotion and underwriting sector by recording record transactions at local and local markets. In the Middle East and North Africa continuously, the seventh Quarterly fee is on the commission market.

On the other hand, revenue from asset management and direct investment sectors reached £ 121 million in the third quarter of 2018. In the same period last year, the asset management segment grew by 11% in the same period. Performance performance improved by 2017 in the investment sector which reduced the positive impact of growth.

EGP was 184 million in the third quarter of Treasury and Capital Markets Returns. If the exception of the exceptionally exceptional income of 2017, merchant banking and treasury equipments support the growth of income and treasury equipments in the capital market.

Considering the cost of staff below 50 per cent of its total revenue, the company maintains the expenses of employees up to 42 per cent of the total revenue, according to the target.

Avad added that the company will continue to enjoy the benefits of diversification strategy. Non-banking finance earnings expressed substantial growth and increased their contribution in the overall revenue of the group, and in spite of the fact that the market has not yet understood the real value and basic values ​​of the growth of this sector, it is developing a new strategy in the banking and financial sector.

He hopes to see new factory activities that will generate positive results in recent years.

EFG-Hermès added a net profit of 348 million in the third quarter of 2018. This is an increase of 18 percent over the same period in 2017. During this period, 279 million UG

Compared to last year's best investment in the investment banking sector, tax revenue and profit after the minority interests were 222 million in the third quarter and 6 percent annual growth rate. Enhanced Fees and Commission Income.

In the third quarter of this year, the interest of minority interest in tax and non-banking sector grew by 57 million dollars, with a turnover of over 106 percent.

EFG-Hermis continues to sell its remaining stake in Credit Libans Bank. The company sold 0.5% of its stake in the third quarter of 2018 and 8.8% in the same period.

The company's efforts to further expand non-banking finance products and services in the coming years are based on strong financial incentives and positive response to sustainable profits of the company. Activities. The company pointed out to the management's focus on geographical development that the company will try to strengthen the position of the Nigerian market and exploit their presence in Africa's largest economy to catch investment opportunities in the West African markets. The Department has also been committed to studying investment opportunities in the markets to ensure growth prospects in the Southeast Asian markets.

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