Company Profile For Talaat Moustafa Group Holding

Talaat Moustafa Group Holding (TMGH.CA) (Cairo Stock Exchange)

sector: Financials · industry: Real Estate Operations ·

As of 25 Nov 2009

6.62EGP

Price Change

+0.00

Percent Change

+0.00%

Analyst Recommendations

Overview

Talat Mostafa Group Holding (TMG) is an Egypt-based company engaged in investment activities. The Company invests, establishes and participates in companies within different business sectors, such as real estate, hotels and hospitality, construction and housing. TMG's subsidiaries are Arabian Co. for Construction & Development L.L.C., Alexandria Co. for Real Estate Investment L.L.C., San Stefano Real Estate Investment Co. L.L.C. and Alexandria Development Projects Co. L.L.C. It also has stakes in companies, which own and operates a number of hotels in Egypt, including Four Seasons Nile Plaza in Cairo, Four Seasons Sharm Al Sheikh, Four Seasons San Stefano Hotel in Alexandria, Al Rehab, May Fair and Madinaty

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Talaat Mosutafa Group Holding's total revenue decreased 14% to EGP4.35B. Net income for the period decreased 30% to EGP938.8M. Total revenue reflects a decrease in units sold, and hotels income. Net income suffered from an increase in general and administrative expenses, depreciation, as well as the existence of provisions. Net income also suffered from lower interest income.