SPEED ROUND: EARNINGS WATCH

Earnings Watch: EFG Hermes, Palm Hills

EARNINGS WATCH – EFG Hermes’ net income rose 24% in 2Q2021, driven by growth in its non-bank lending subsidiaries and a solid performance in its investment banking arm, according to the firm’s earnings release (pdf). The financial services corporation reported earnings of EGP 406 mn during the three-month period, up from EGP 328 mn in…