The board of property developer Talaat Moustafa Group Holding (TMG) endorsed consolidated and standalone financial indicators for H1 that ended on June 30, 2014.
Consolidated net profit amounted to EGP 351.5 million, with 12% increase compared with EGP 312.7 million net profit in H1-13.
H1 revenues rose 10% to EGP 2.7 billion, from EGP 2.4 billion in H1-13.
Meanwhile, H1 standalone financial results showed EGP 339.9 million net loss, against EGP 7.8 million net profit in H1-13.
Q1-14 net profit amounted to EGP 160.8 million, compared with EGP 139.4 million in the year-ago period.