Cairo - Mubasher: The consolidated net profits of Talaat Moustafa Group Holding (TMG Holding) rose by 8% to EGP 1.78 billion in 2021 from EGP 1.65 billion in 2020.
The company generated revenues of EGP 15.34 billion in 2021, up 9% from EGP 14.09 billion in the earlier year, according to a bourse filing on Monday.
As for the standalone businesses, the company has achieved an 11% increase in net profits to EGP 542.12 million last year from EGP 487.06 million in 2020.
Meanwhile, the company's board has recommended a cash dividend distribution of EGP 0.17 per share, aggregating at a value of EGP 360 million.
It is noteworthy to mention that in 2021, TMG Holding recorded a 95% surge in its real estate sales to around EGP 32.4 billion, compared to EGP 16.6 billion in 2020.
