TMG Net Profit Rises By 8.85% in 2016

Tuesday, 7th March 2017

Egypt’s giant real estate developer Talaat Moustafa Group (TMG) posted a consolidated net profit of EGP 828 mn in 2016, up by 8.85% compared to EGP 761 mn a year earlier, Invest-Gate reports.

Moreover, TMG’s consolidated revenue totalled EGP 6.55 bn in 2016 compared to EGP 6.18 bn a year ago, according to a statement on Egyptian Exchange published March 2.

The report also indicated that the November pound flotation has contributed EGP 39 mn to the 2016 consolidated results.

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