Earnings Report /
Egypt

Talaat Moustafa Group Holding: Stellar sales driven by Noor launch

  • Sales soared to EGP17.5 billion, up 686.4% y/y and 406.9% q/q, due to Noor launch

  • Net profit reached EGP422.3 million, up 27.8% y/y and down 5.5% q/q

  • 1H21 sales of EGP21.0 billion already put TMGH past our FY21 sales forecast of EGP17.3 billion

Al Ahly Pharos Securities Brokerage
8 August 2021