Egyptian real estate developer Talaat Mostafa Group Holding announces a rise in its net profit in the first half of the fiscal year 2017, Invest-Gate reports.

In its financial statement, the company says that the console net profit after tax and minority interest amounts to EGP 696.5 mn in the first half of this fiscal year, compared to EGP 432.1 mn in the comparable period last year.

Meanwhile, the company announces that the consol revenue during the first half of 2017 hits EGP 3.26 bn compared to EGP 2.92 bn a year ago.

The statement also amends its fiscal year sales forecast at EGP 11.4 bn from EP 9.4 bn.