Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) witnessed consolidated net profits after tax worth EGP 700.13 million in the first quarter (Q1) of 2023, an annual jump from EGP 553.98 million.

Revenues hit EGP 2.86 billion in the January-March 2023 period, compared to EGP 2.08 billion in Q1-22, according to income statements.

Standalone Financial Results

Talaat Moustafa Group recorded EGP 132.31 million in standalone net profit after tax during the first three months (3M) of 2023, up from EGP 131.17 million in the year-ago period.

Non-consolidated revenues climbed to EGP 161.74 million in Q1-23 from EGP 133.47 million in Q1-22. Meanwhile, the earnings per share (EPS) remained unchanged at EGP 0.06.

Earlier this month, the EGX-listed firm announced contracted sales valued at EGP 20.17 billion in Q1-23.