Browse
related articles
Talaat Moustafa Q2 profit down 29%
- Egypt: Wednesday, August 12 - 2009 at 11:23
Talaat Moustafa, Egypt's largest real estate developer by market value, has reported a 29% decline in second-quarter net profit to EGP321m ($58m) as building costs escalated, Reuters has reported. Revenue was EGP1.638bn, down from EGP1.675bn in the same period last year. The firm's real estate and construction costs had jumped 17.5% to EGP2.2bn in the first half of 2009, compared to EGP1.8bn in the first half of 2008. Second-quarter costs were EGP1.2bn, the company said.
Related Content
Article Options
StaffWednesday, August 12 - 2009 at 11:23 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
