Egypt’s Talaat Moustafa Posts 7.2 Pct Increase in 2013 Net Profit

Egyptian property developer Talaat Moustafa (TMGH.CA)’s net profit for 2013 rose 7.2 percent year-on-year to 585.19 million Egyptian pounds ($84.1 million), it said in a statement published by the bourse on Wednesday.

Talaat Moustafa’s revenues reached 4.86 billion pounds in 2013 in comparison with 4.64 billion pounds the previous year, Reuters reported on Wednesday.