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Egyptian developer TMG first-quarter net profit falls 19.8%
Property developer Talaat Moustafa Group has increased revenues over the same period
Reuters Published in Ahram Online on 14 - 05 - 2013

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.
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