EFG Hermes aims to increase regional recipes

Hermes in Egypt ,Hermes 25cm bag one of the leading investment bank in the Arab world , based has a strong focus in the first half of 2013, held on the creation of shareholder value by growing its base of regional recipes , while still non- strategic assets and control of to sell issues . The company reported its consolidated results for the second quarter of 2013 , as indicated in the EFG Hermes, that consolidated net sales increased 6 percent year on year . Although the ability of the Company 's sales in its home country , Egypt, has been forced to increase the degree of political and economic sense in the North African country shocks . However, it showed a slight increase due to the growth of regional businesses , which accounted for 77 percent of sales of the Group in 2013. Hermes 30cm bag Regional conditions resulted in some impairment during the quarter , with a very limited impact on the safe and highly liquid balance sheet effects . The company reported consolidated total operating revenues of EGP 506 million dollars ( 72 million euros ) this year with a net profit of 81 million EGP ( U.S. $ 11.5 million euro ) before minority interests impairments. These impairments affect existing investments resulted in a net loss after tax and before minority of EGP ' d 29 million ( 4.1 million euros ) . The Egyptian Company believes that his recovery revenue in the implementation of clearly defined strategies , including a plan to reduce costs in order to reduce operating costs 500 EGP million euros ( 71 million combined dollars) in 2014 , a loss of non-core business assets while returning the proceeds to the shareholders and increased business volume in parts of the Middle East such as Kuwait and the United Arab Emirates. Hermes 35cm bag