Egypt's real estate developer TMG posts 7.2% increase in 2013 net profit

Reuters, Wednesday 5 Mar 2014

Egyptian property developer Talaat Moustafa's net profit for 2013 rose 7.2 percent year-on-year to LE585.19 million Egyptian pounds ($84.1 million), it said in a statement published by the bourse on Wednesday.

Talaat Moustafa's revenues reached LE4.86 billion in 2013 in comparison with LE4.64 billion the previous year.

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