Thndr Claps » EGY Claps » Earnings 📈 » Talaat Mostafa achieves 27% increase in profits in Q1-2022
The ClapTalaat Mostafa Group (TMGH) recorded net profits of EGP 554 million during Q1-2022, compared to EGP 434.63 million in Q1-2021.
The deetsThe company’s revenues also increased by 12% YoY, reaching EGP 3.02 billion. The company attributed the growth in revenues to adopting unconventional solutions.
The company’s balance of actual and undelivered sales increased to 65 billion pounds in the first quarter of 2022, compared to 51.1 billion pounds during the same period in 2021.
Talaat Mostafa attributed the growth in actual total sales, to continuing to develop the sales strategy.
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