Cairo – Mubasher: Talaat Moustafa Group Holding on Sunday reported its third-quarter standalone profits for the third quarter of 2017.
Pre-tax profits totalled EGP 16.05 million in the third quarter of 2017, versus EGP 14.4 million in Q3-16, the firm highlighted in a filing to the Egyptian Exchange (EGX).
After-tax profits amounted to EGP 11.04 million in the three months ended September, compared to EGP 11.7 million in Q3-16.
Total revenues rose to EGP 16.05 million in Q3-17 from EGP 14.4 million in the prior-year period.
Standalone profits stood at EGP 48.59 million in the nine-month ended September from EGP 28.57 million in the corresponding period of 2016.
Earnings per share (EPS) reached EGP 0.21 in the nine-month period from EGP 0.12.
The Egyptian company reported earlier a 72% year-on-year hike in consolidated profits from the first nine months of 2017.
Consolidated profits amounted to EGP 1.058 billion in the nine-month period ended September, versus EGP 616 million in the prior-year period.
TMG Holding had previously posted a 61% year-on-year surge in profits for the first half of 2017.
The Egyptian firm achieved profits of EGP 696.5 million in H1-17, versus EGP 432.13 million in H1-16, including minority shareholders’ rights.
