Talaat Moustafa Group profits jump by 32% in Q1

The net profits of Talaat Moustafa Group (TMG) increased by 32 percent in the first quarter of 2023, reaching 747.5 million Egyptian pounds, CNBC reported on Sunday. The company’s earnings have also increased by 47 percent for the first three months of the year, reaching 4.4 billion pounds.

TMG’s Q1 contractual sales increased to 20.1 billion pounds, while the company’s sales reached 12.2 billion pounds, with a growth rate of 127 percent.