Egypt’s TMG profits rise to EGP 1.5bln in H1

Egypt’s Talaat Moustafa Group (TMG Holding) witnessed an increase of 40 percent in profits during the first half (H1) to reach 1.56 billion Egyptian pounds, according to a statement on Wednesday.

The profits went up from 1.11 billion pounds recorded in the H1 of 2022 and the revenues rose by 51 percent during the aforementioned period to reach 10.7 billion pounds, up from seven billion pounds recorded last year.

The company also stated that it recorded contractual sales with a value of 51.3 billion pounds in the current H1.