Egypt’s Talaat Moustafa posts 12% increase in net profit in first half 2014

Cairo: Egyptian property developer Talaat Moustafa said on Thursday its net profit was up 12 per cent for the first half of 2014.

Its after-tax profit was 351.543 million Egyptian pounds (Dh180.5 million) in the six months to June 30, compared to 312.755 in the first half of 2014.

Revenues were up to 2.663 billion pounds compared to 2.418 in the first half of 2014.