Egypt’s Talaat Moustafa profits rise 13% in nine months

ُEgypt’s Talaat Moustafa Group Holding (TMG) reported on Wednesday a 13 percent increase in its profits to 1.18 billion Egyptian pounds ($66 million) during the first nine months of this year.

Earlier, profits stood at 1.05 billion pounds during the first nine months of 2017.

Revenues rose to 6.8 billion pounds at the end of September from 5.9 billion pounds during the same months of 2017.

Standalone profits fell to 22.7 million pounds during the first nine month months of the current year, versus 48.5 million pounds last year.

During the first half of the year, net profit jumped to 774.21 million, compared with 696.54 million pounds during the same period of 2017.