EARNINGS WATCH- Talaat Moustafa Group (TMG) reported a drop in net income to EGP 705 mn in 1H2020, compared to EGP 812 mn in the first half of last year, the real estate developer said in a regulatory filing (pdf). Revenues during the period came in at EGP 4.6 bn, down 7% from last year.

Credit Agricole Egypt has reported a net profit of EGP 701 mn in 1H2020, down 46% from EGP 1.3 bn in the same period last year, according to its earnings statement (pdf).

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