Talaat Moustafa posts 15% growth in Q1 profits

May 15, 2014 9:34 am

Egyptian property developer, Talaat Moustafa Group Holding (TMGH) has reported a 15% jump in its first-quarter net profits to EGP160.8m, compared with EGP139.3m recorded in the same quarter a year ago, Arab Finance has reported. Sales during the quarter also surged to EGP2.214bn from EGP1.77bn a year earlier, said the firm.