Talaat Mostafa Holding achieves a 16% YoY growth in consolidated net sales during the first nine months of 2022, recording EGP 4.3 bn, Invest-Gate reports.
Consolidated net profit after tax and minority interest reached EGP 2 bn in 9 months to September 30th, up 18% YoY.
Revenue surged to EGP 13.9 bn in January-September from EGP 11.3 bn a year earlier.
Fixed revenue of the real estate sector grew to EGP 10.7 bn in the nine-month period ended on September 30th from EGP 9.1 bn the year before.
Total revenues of Four Seasons Nile Plaza, Sharm El-Sheikh, San Stefano, and Kempinski Nile hotels amount to around EGP 1.5 bn in January-September 2022.
Actual and undelivered property sales soared to EGP 70 billion at the end of September 2022 from EGP 63.3 billion a year earlier.
Moreover, TMG’s property sales declined to EGP 21 bn in the first nine months of 2022 from EGP 27.5 bn the year before.