Talaat Mostafa Group has recorded an unaudited net profit of EGP 184.3 mn in the third quarter of 2016, compared to a net profit of EGP 166.8 mn in the same period last year, Al Borsa reported on Thursday.

Net profit in the first nine months of 2016 amounted to EGP 616.4 mn compared to last year’s EGP 532.1 mn, recording approximately 16% in growth.

The group has also recorded a total of EGP 5.53 bn in sales from projects, in comparison to last year’s EGP 5.13 bn, marking a 7.8% growth.