FINANCIAL NEWS

Egypt’s TMG Holding to boost annual sales to EGP11.4bn

15 Aug 2017

(MENAFN) Talaat Moustafa Group Holding’s board decided to raise the firm’s sales budget for this year by EGP2bn after achieving positive fiscal results for the first half of the year.

Furthermore, sales budget of the firm will be increased from EGP9.4bn to EGP11.4bn.

In addition, the firm achieved profits of EGP696.5mn in the cited period of the year, from EGP432.13mn in the same period of 2016.

Meanwhile, revenues grew to EGP3.2bn in the Jan-July period of the year from EGP2.9bn in the same period of 2016.

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MENAFN1508201700450000ID1095731116

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