Egyptian real estate developer Talaat Moustafa Group Holding (TMG Holding) has achieved sales worth EGP 11 bn up to date since the beginning of 2018, Invest-Gate reports.

TMG Holding has generated EGP 5.6 bn in sales from its latest project in the New Administrative Capital, Celia, the company revealed in a bourse filing on Thursday, June 14.

The company’s bourse filing highlights that the estimated sales are expected to increase by EGP 1-1.5 bn by the end of 2018.

It is worth noting that TMG Holding revealed in a filing last March that the firm’s bottom line grew by 67% y-o-y in 2017 to EGP 1.38 bn, up from nearly EGP 830 mn in 2016. Also, the company’s revenues rose to EGP 8.53 bn in 2017, marking a 30% y-o-y increase from EGP 6.58 bn.