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TMG Q1 profit up 24% to 5.5bn pounds under Hisham Moustafa
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TMG Q1 profit up 24% to 5.5bn pounds under Hisham Moustafa
Hisham Talaat Moustafa is closing his best quarter in years. Talaat Moustafa Group, the Egyptian developer his family controls, posted a 24% year-on-year rise in first-quarter net profit to EGP 5.5 billion ($110 million), with revenue jumping 39% to EGP 13.1 billion ($262 million) on the back of stronger real estate and hospitality numbers.Real estate did most of the lifting. Segment revenue climbed 61.6% to EGP 6.1 billion ($122 million) on fas…
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