03‏/05‏/2025

Talaat Mostafa Group sales grew by 127% to exceed 20 billion pounds during the first quarter of 2023

According to Talaat Moustafa Holding Group’s statement to the Egyptian Stock Exchange, the group achieved real estate sales amounting to 20.17 billion pounds, which is an unprecedented historical sales figure in the real estate activity sector in Egypt.

It represents sales of the group's companies amounting to 12.2 billion pounds, breaking the sales number achieved in the quarter compared to 2022, which amounted to 5.37 billion pounds, a growth rate of 127%, in addition to sales of other parties amounting to 7.97 billion pounds.

The balance of actual and undelivered sales of Talaat Moustafa Holding Group amounted to 85.5 billion pounds on March 31, 2023, compared to 65 billion pounds during the same period last year, with a growth rate of 31.5%, resulting from continuing to develop the group’s sales strategy, which provides a clear view of cash flows and profits. Futurism.

As for financial performance, Talaat Moustafa Holding Group revealed that it achieved total revenues of 4.4 billion pounds during the first quarter of 2023, compared to 3.02 billion revenues achieved during the same period of the previous year, with a growth rate of 47%.

The reason for the continued outstanding performance of the company's executive management was the completion of unconventional solutions and procedures that led to these distinguished results for the company.

Talaat Moustafa Holding Group achieved a combined net profit after taxes and non-controlling interests of 747.5 million pounds during the first quarter of 2023, compared to 565.7 million pounds during the same period last year, a growth rate of 32%.

The independent company's net profit (excluding the results of the subsidiaries' operations) during the first quarter of 2023 amounted to 132 million pounds, compared to about 131 million pounds during the same period last year, with a growth rate of 1%.