(2019-02-26) TMG BoD ratifies 28% profit rise in 2018
Talaat Moustafa Group (TMG) (TMGH) announced in a statement sent to EGX, the Board of Directors was held on February 20. The company's BoD approved unaudited financial results for the fiscal period ending December 2018, which revealed posting consolidated net profits of LE1,704,780,713, versus net profits of LE1,326,933,009 in the same period a year ago, representing 28% growth. Moreover, it posted standalone net profits after taxes of LE309,797,230, versus net profits of LE450,248,428a year earlier, representing 31% decline.