Egypt’s Talaat Mostafa first-half profit rises 12%

Egyptian developer Talaat Mostafa Group Holding Co Sae reported a 12 percent year-on-year rise in first half net profit after taxes and minority rights, the company said in a statement on Wednesday.

The company posted net profit of LE394.37 million ($50.37 million) in the first half of 2015, up from LE351.54 million in the same period last year, the statement said.

($1 = LE7.8300)

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