Earnings Report /

Palm Hills Developments: 2Q22 – Solid sales and revenue performance

  • 2Q22 sales reached EGP5.1 billion, up 19.2% y/y and down 7.1% q/q.

  • Net profit in 2Q22 reached EGP263.5 million, up 2.6% y/y and down 10.7% q/q.

  • PHDC is on track to exceed our FY22 sales forecast of EGP18.2 billion.

Al Ahly Pharos Securities Brokerage
17 August 2022


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