Egypt’s Talaat Moustafa nine-month sales surge by 72.7%

Egypt’s property developer Talaat Moustafa Group Holding (TMGH) reported Wednesday a 72.7 percent increase in its nine-month sales to reach 9.5 billion Egyptian pounds ($536.1 million).

Earlier, sales stood at 5.5 billion pounds during the first nine months of 2016.

The company further added that it has achieved sales worth 7.11 billion pounds during the five months ended in November 2017.

During the third quarter, profits rose by 118 percent to 410.8 million pounds from 188 million pounds during the same period last year.