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Thndr Claps » EGY Claps » Earnings 📈 » Historic year for Talaat Moustafa Group🚀

Historic year for Talaat Moustafa Group🚀

by Shams Abbas
March 1, 2022

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.

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