Egypt's EFG-Hermes 2007 net profit rises 83 pct

CAIRO, Feb 27 (Reuters) - Egyptian investment bank EFG-Hermes HRHO.CA(HRHOq.L: Quote, Profile, Research) posted a nearly 83 percent rise in 2007 net profit to 1.28 billion Egyptian pounds ($232.95 million), the stock exchange said on Wednesday.

Net profit in 2006 stood at 701.9 million pounds, according to the stock exchange web site.

Shares in the firm, which is Egypt's largest listed investment bank by market value, were 2.4 percent lower at 63.70 pounds by 0915 GMT. ($1 = 5.50 Egyptian pounds) (Writing by Wael Gamal)