Egyptian property developer Talaat Moustafa Group (TMG) reported a 5.5 percent drop it its 2012 annual net profits, the firm said in an emailed report on Monday.

The firm posted a net profit of LE545.73 million ($80.96 million) in 2012 compared with LE577.51 million a year earlier.

TMG, like most firms in Egypt, has suffered deeply from economic turmoil since a popular uprising in 2011 that drove president Hosni Mubarak from office.