Egyptian property developer Talaat Moustafa Group (TMG) has announced that net profit in the first quarter of 2013 fell 19.8 percent to LE139.4 million (approx. $20 million). TMG's profits for the first quarter of 2012 were LE173.7 million (approx. $24.8 million), the firm said in a statement published by the stock exchange on Tuesday. The company's revenues have increased by nearly 17 percent over the same period to reach LE1.5 billion. http://english.ahram.org.eg/News/71469.aspx