Egypt's Pioneers Holding posts 55 pct rise in Q2 net profit

CAIRO Wed Aug 20, 2014 3:16am EDT

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CAIRO Aug 20 (Reuters) - Egypt's Pioneers Holding posted a 54.8 percent rise in second-quarter net profit, it said in a bourse statement on Wednesday.

Profit of 96 million Egyptian pounds ($13.43 million) were up from 62 million a year earlier.

The firm, which specialises in brokerage services, said it plans to spend 1.2 billion pounds in investments in 2014.

(1 US dollar = 7.1500 Egyptian pound) (Reporting by Asma Alsharif; editing by Jason Neely)

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