Banque du Caire profits fall 30% in 1Q2020

EARNINGS WATCH- Banque du Caire profits fell almost 31% in 1Q2020 after the bank reported income of EGP 838 mn, down from EGP 1.21 bn in the same period last year, according to Al Mal. The state-owned bank’s revenues rose 19% during the quarter to EGP 2.4 bn, from EGP 2 bn in 1Q20219.