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14-Aug-2017

TMGH ‘s 2Q17 beats estimates and surges 92% Q-o-Q


TMG reported 2Q17 preliminary figures, with bottom line beating our estimated by 83% to EGP303.0mn and surging 92% Q-o-Q and 144% Y-o-Y, while revenue soared 53% Q-o-Q to EGP1.63 billion and was 21% ahead of our estimates and up 16% Y-o-Y. Our analyst comment will follow soon.
 
TMG Holding: TMGH.CA7.58 as of 13 Aug. 2017, Rating: Buy, TP: TMGH.CA13.00/share, MCap: USD882mn, TMGH EY/TMGH.CA

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