Egypt's Talaat Moustafa profit up by 12% in first half of 2014
Its after-tax profit was 351.543 million Egyptian pounds
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)
Also Read
-
Egypt waters down stock market tax after bourse drops sharply
Cairo bourse recorded its biggest daily drop in almost a year on Sunday Financial Markets -
Egypt stock exchange closed for holiday marking election
Banks will also be closed on Tuesday, authorities said Financial Markets -
Egypt’s stock market reaches new 5-year high
The stock market experienced a steady growth since the military ousted former Islamist President Mohammad Mursi Financial Markets -
Middle East funds most bullish about Egypt equities, shows survey
Egypt’s main stock index went up 24 percent in 2013, regaining levels last seen before Husni Mubarak’s overthrow January 2011 Banking & Finance -
Property firms and banks sink UAE, other markets sluggish
Most Gulf stock markets consolidate because of a weak global environment and a lack of fresh, positive news Financial Markets -
Saudi Arabia stocks continue uptrend
Most other Middle East markets moved little in modest trade as investors returned from long Eid holidays. Economy
