Cairo – Mubasher: The unaudited financial results of Talaat Moustafa Group Holding (TMG Holding) reported an 11% year-on-year profit growth during the first nine months of 2019.
Net profits increased to EGP 1.31 billion in the January-September period, compared to EGP 1.18 billion in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.
Meanwhile, the company generated EGP 7.75 billion in revenues in the nine-month period ended 30 September, up from EGP 6.8 billion in the corresponding period a year earlier.
As for standalone business, the Egyptian firm’s net profits hiked to EGP 71.26 million in the first nine months of the year, compared to EGP 22.7 million in the same period of 2018.
It is noteworthy that during the first half of the year, TMG Holding logged a net profit of EGP 852.23 million, compared to EGP 774.2 million in H1-18, including minority shareholders’ rights.
