Leading property developer Talaat Moustafa Group (TMG) posted on Wednesday 7% growth in FY13 net profit to EGP 585 million, compared with EGP 545 million a year earlier.
The company’s board proposed the distribution of cash dividend at EGP 0.14 per share, totaling EGP 300 million.
TMG recorded EGP 6.58 billion sales in FY13, with a jump of 147% compared with EGP 4.48 billion in FY12.