Egypt's Talaat Moustafa profit up by 12% in first half of 2014

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

Its after-tax profit was 351.543 million Egyptian pounds (49.17 million U.S. dollar) in the six months to June 30, compared to 312.755 ($43.73) in the first half of 2014.

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

(1 US dollar = 7.1500 Egyptian pound)