Cairo – Mubasher: The consolidated financial statement of Talaat Moustafa Group Holding (TMG Holding) posted a 9.9% year-on-year profit rise during the first nine months of 2019.

Net profits grew to EGP 1.37 billion in the January-September period from EGP 1.24 billion in the prior-year period, including minority shareholders’ rights, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

In the meantime, revenues increased to EGP 5.1 billion in the nine-month period ended 30 September, compared to EGP 4.74 billion in the corresponding period a year earlier.

At the level of standalone business, the real estate developer reported a net profit of EGP 71.26 million at the end of September, up from EGP 22.7 million in the year-ago period.