Egypt’s Talaat Moustafa profits 10% up in H1

Talaat Moustafa Group, Egypt’s largest listed property developer, reported on Wednesday a ten percent growth in first half profits to 852.23 million Egyptian pounds ($51.3 million) from 774.2 million pounds last year.

The company made sales worth 3.02 billion pounds during the first half this year, up from 2.7 billion pounds during the same half in 2018.

During the second quarter of 2019, profits rose to 477.5 million pounds against 433.6 million pounds during the same period last year.