Talaat Moustafa Group Holding Reports Record Earnings for FY 2024, Surging 332% YoY

Talaat Moustafa Group Holding (TMGH) has announced its financial results for the year ended 2024, posting a record consolidated net income of EGP 14.46 billion. This marks a remarkable 332% increase from the EGP 3.34 billion recorded in the previous year.

The balance of the backlog, representing undelivered contractual sales reached EGP293.5bn in 2024, compared to EGP145.4bn reached in the previous year, with a growth rate of 102%.

The total revenues achieved by the Group in 2024 amounted to approximately EGP42.6bn, compared to EGP28.4bn achieved during the same period last year, implying a growth rate of 50%. This is attributable to the continued remarkable performance of the Company's executive management in devising and unconventional solutions that led to the occurrence of these extremely positive results for the Company.

Disclaimer and Terms of Use

The data provided on any page at www.egvest.com?aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.

EGVEST.com?published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."

The "information" displayed and published by EGVEST.com?could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial asset