Egypt

Talaat Moustafa Group Holding: Solid performance with catalyst on the horizon

  • Sales reached EGP3.5 billion, up 55.8% y/y and down 23.1% q/q.

  • The sequential surge in net profit is due to an accounting adjustment in 4Q20.

  • The upcoming launch of the Capital Gardens project in possibly June 2021 is a significant potential catalyst.

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Mayar El Ashry @ Al Ahly Pharos Securities Brokerage
May 27th, 2021
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