Earnings watch: Union National Bank and Misr Cement report FY2016 results

**Earnings watch: Union National Bank reported a 12.8% y-o-y rise in net profit to in FY2016 to EGP 180.5 mn from EGP 160 mn a year ago, the bank said in a statement. Interest income grew 65.2% y-o-y to EGP 1.73 bn from EGP 1.05 bn.

Meanwhile, Misr Cement Qena reported net profits of EGP 312.5 mn in FY2016, according to a regulatory filing.