Egypt's EFG-Hermes Q1 net profit plunges 60 pct

CAIRO, May 14 (Reuters) - Egyptian investment bank EFG-Hermes (HRHO.CA)(HRHOq.L) posted a 60 percent drop in net profit after minority interest for the first quarter of 2009 at 140.1 million Egyptian pounds ($24.9 million) on Thursday.

The firm said income from fees, commission and management of investments tumbled to 150.5 million pounds from 469.9 million a year earlier. Interest income climbed to 41.9 million pounds. ($1 = 5.62 Egyptian pounds) (Writing by Cynthia Johnston)