Cairo – Mubasher: Talaat Moustafa Group Holding said its net consolidated profits grew 11.5% year-over-year in the first quarter of 2016, according to a bourse filing.
The company earned EGP207.81 million ($23.4 million) compared with EGP186.4 million ($21 million) a year earlier.
Further, consolidated revenues also stood at EGP1.2 billion during the same period, 6.4% higher from EGP1.1 billion for the year-ago quarter.
Moreover, the Group’s standalone profits jumped to EGP11.75 million in Q1 from EGP7.9 million in Q1-15.
During 2015, the company’s profits increased by 12% year-on-year to EGP762 million ($97 million) from EGP682 million ($87 million).
