CAIRO, March 4 (Reuters) - Egyptian property developer
Talaat Moustafa reported a 5.5 percent drop it its
2012 annual net profits, the firm said in an emailed report on
The firm posted a net profit of 545.73 million Egyptian
pounds ($80.96 million) in 2012 compared with 577.51 million
pounds a year earlier.
TMG, like most firms in Egypt, has suffered deeply from
economic turmoil since a popular uprising in 2011 that drove
president Hosni Mubarak from office.
($1 = 6.7403 Egyptian pounds)
(Reporting by Asma Alsharif)
- Politics & Government