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Egypt's Talaat Moustafa 9 months profit falls 43 per cent

Reuters , Monday 14 Nov 2011

Egypt's biggest listed developer, posted a 43 per cent decline in its 2011 nine-month net profit to L.E 493.7 million

Talaat Moustafa Group, Egypt's biggest listed developer, posted a 43 per cent decline in its 2011 nine-month net profit to 493.7 million Egyptian pounds, the bourse said on Monday.

The firm made a profit of 863.6 million pounds in the same period of last year.

The bourse statement did not add further details

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