Earnings Report /
Egypt

Palm Hills Developments: An impressive quarter

  • Sales reached EGP4.3 billion, up 62.0% y/y and up 26.6% q/q, taking 1H21 sales to EGP7.7 billion, up 76.2% y/y.

  • Net profit increased 31.5% y/y and 25.5% q/q to EGP256.8 million.

  • Company is on track to beat our FY21 sales forecast of EGP13.6 billion.

Al Ahly Pharos Securities Brokerage
18 August 2021