Egypt's Talaat Moustafa's Q4 profit up 59%
Complex Made Simple

Egypt's Talaat Moustafa's Q4 profit up 59%

Egypt's Talaat Moustafa's Q4 profit up 59%

Egypt's biggest developer by market value, Talaat Moustafa Group, has posted better-than-expected fourth-quarter results after new sales outpaced cancellations in 2009, Reuters has reported. The developer's Q4 net profit rose by 59% to EGP167m ($30.4m) from EGP105m, while revenue rose to EGP467m from EGP382m.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved