Egypt’s Talaat Moustafa Says H1 Net Profit Fell 4.9%

Egyptian property developer Talaat Moustafa Holding (TMGH.CA) said its net profit for the first six months fell 4.9% to 312.8 million Egyptian pounds.

Profit for the first half of 2012 was 328.8 million pounds.

Revenue rose to 2.42 billion pounds from 2.39 billion pounds, the company said in a statement released to the stock exchange – the EGX.