Talaat Mostafa sales soar 87.8% in Q1

CAIRO - 11 May 2017: Talaat Mostafa Group Holding (TMGH) registered sales worth of 4.3 billion EGP ($237 million) in the first quarter (Q1) of 2017, up 87.8 percent Year on Year (YoY) and up to 129.9 percent Quarter on Quarter (QoQ), according to a statement to the Egyptian Exchange.

Approximately 2.5 billion EGP of the sales were comprised of commercial sales, while the group achieved 1.3 billion EGP worth of revenues in Q1, recording 5.9 percent growth.

The company’s gross profits have increased by 43.8 percent Year on Year (YoY) achieving 506 million EGP rise from the yields of Q1 in 2016. Net profit increased by 38.8 percent YoY, registering 288.5 million EGP.