Arqaam Capital comments EGB (SELL, TP USD 1.2) reported Q3 12A earnings of EGP 45.3mn, more than 12.5x y/y, +4.8 per cent q/q and 78 per cent above our forecasts on continued very low provision charges, sharply higher NIM and improvement in cost efficiency. Top line growth boosted by escalating ... (Publication: CPI Financial)
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