Talaat Moustafa Group’s (TMGH) real estate segment sales skyrocketed 95% in 2021 to record EGP 32.4 billion.
TMG sales breakdown📊 Real estate sales contributed to the sales last year with EGP 12.1 billion, up 2% YoY. The company’s hotels segment recorded about EGP 1.27 billion during 2021, up 104% YoY.
While Noor Project sales reached a record of EGP 15 billion in 3 weeks & the project’s sales reached EGP 18.5 billion by the end of 2021.
More about Noor Project💡 Noor is a smart, eco-friendly city spanning over 5,000 acres. It provides a variety of residential options that cater to different needs, from small apartments to large stand-alone villas with smart space utilization.
The balance of unrecorded revenues in 2021 amounted to EGP 63 billion.
Unrecorded Revenues🤔 Unrecorded revenue is revenue that an entity has earned in an accounting period, but which it does not record in that period.