Egypt’s Talaat Mostafa profits rise to 1.06bn pounds in nine months

Nine-month profits of Egypt’s property developer Talaat Mostafa rose to 1.06 billion Egyptian pounds ($60.1 million), the company made its financial statements on Thursday.

Profits earlier stood at 616.4 million pounds during the first nine months of 2016.

Revenues jumped to 5.62 billion pounds from 3.93 billion pounds last year.