Egyptian property developer Talaat Moustafa said that its net profit was up 12 per cent for the first half of this year.

Its after-tax profit was 351.543 million Egyptian pounds ($49.17 million) in the six months to June 30, compared to 312.755 Egyptian pounds in the first half of 2013.

Revenues were up to 2.663 billion pounds compared to 2.418 billion pounds in the first half of 2013. - Reuters