Talaat Moustafa Group (TMG), Egypt's biggest listed property developer, reported a 2.5 percent rise in first-quarter net profit as sales rebounded from the same period of 2011, when they were disrupted by political turmoil.
The firm report
Egypt's Talaat Moustafa Group said its full-year net profit fell 39 percent last year when the real estate industry was thrown into turmoil by a popular uprising and disputes over land ownership.
The decline was narrower than a 44 perc
Egyptian property developer Talaat Moustafa Group (TMG) is pressing ahead with its investment plans and aims to spend 18 billion Egyptian pounds ($3 billion) on its two main projects in the next three years, a newspaper reported.
Talaat Moustafa Group (TMG), Egypt's biggest listed developer that is mired in a legal row over its flagship project, posted a 48 per cent drop in first-quarter net profit on Wednesday.
Net income fell to 169.4 million E
Egypt's Talaat Moustafa Group, the country's biggest listed developer, said on Sunday its shareholders approved a dividend of one new share for every 40 held for its 2010 net profit.
Talaat Moustafa Group (TMG) posted 2010 net profit of 1
Egypt's government said on Tuesday it would seek to amend a public auctions law to resolve a legal wrangle that has threatened the country's biggest listed property developer's flagship project.
The government had said it plann
Egypt's cabinet has delayed until early next week a meeting planned for Wednesday that had been expected to offer a legal solution to Talaat Moustafa Group's (TMG) land row, the cabinet spokesman said on Tuesday.
The government has
Egypt will protect investors exposed to an ongoing dispute over the sale of state land to real estate company Talaat Moustafa Group (TMG), the country's finance minister said on Monday.
'The government wil preserve the rights of al
Egypt's High Administrative Court postponed until August 5 a ruling on the Madinaty land sale deal between the housing ministry and Talaat Moustafa Group (TMG), the court said on Sunday.
A lower court ruled last month that the New Urban Co
Egyptian property developer Talaat Moustafa Group Holding said its net profit for the third quarter of 2009 was 304 million Egyptian pounds ($56 million), down from 463 million pounds a year earlier.
The firm's revenue for the period f