Arab Finance: Talaat Moustafa Group Holding (TMG Holding) reported a 149.27% year-on-year (YoY) surge in consolidated profits excluding taxes and minority interests during the first half (H1) of 2024, registering EGP 3.889 billion, compared to EGP 1.560 billion, according to the firm’s financial statements sent to the Egyptian Bourse on August 13th.

Standalone net profits rose to EGP 263.698 million during the January-June period of this year from EGP 175.257 million in H1 2023.

TMG is an Egypt-based company engaged in real estate investment activities. The company establishes and develops hotels and touristic and residential projects in Egypt.

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