The aggregate financial indicators of Talaat Moustafa Group Holding (TMG) reveal that the company’s net profits jumped 23.16% YoY in H1 2021, hitting EGP 869.38 mn, up from the EGP 705.85 mn achieved in H1 2020, Invest- Gate reports.

Moreover, the company’s revenues have increased to EGP 5.49 bn in H1 2021, compared to EGP 4.33 bn in H1 2020, according to the company’s statement to the Egyptian Exchange (EGX). Additionally, for standalone business, the company logs profits after tax of around EGP 110.29 mn in H1 2021, vs. EGP 68.9 mn in the same period in 2020.

Furthermore, TMG’s new sales have accelerated to EGP 21 bn in H1 2021, an increase of 375% from the EGP 4.4 bn recorded at the same period in 2020. Meanwhile, the actual sales have surged to EGP 63.9 bn, compared to EPG 48.5 bn in H1 in the previous year.

On the other hand, TMG has recorded profits of EGP 447.08 mn in Q1 2021, vs. EGP 375.33 mn in the comparative period in 2020, taking into account the non-controlling interests. Besides, in the same period, the company’s revenues hit EGP 2.92 bn, compared to EGP 2.29 bn in Q1 2020.

For standalone business, the company’s profits have amounted to EGP 69.89 mn in Q1 2021, compared to EGP 36.08 mn in the same period in 2020.