Arab Finance: Talaat Moustafa Group Holding (TMG Holding) reported a 136.55% year-on-year (YoY) growth in consolidated net profit after tax and minority interest for the first nine months of 2024, according to a statement on November 17th.

Consolidated net profit after tax and minority interest amounted to EGP 6.349 billion in the nine-month period of the year, compared to EGP 2.684 billion in the same period of 2023.

The group recorded real estate sales of EGP 16.052 billion in the first nine months of 2024, compared to EGP 13.521 billion.

Meanwhile, standalone net profit after tax grew to EGP 326.322 million in January-September from EGP 228.213 million in the year-ago period.

Founded in 1970, the leading community real estate developer focuses on establishing self-sustained residential city and community complexes for the upper and middle classes. The company also invests in mixed-use real estate and hospitality projects.

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