Reuters logo
BRIEF-Egypt's Palm Hills Developments Q4 consol net profit rises
February 7, 2017 / 8:15 AM / 10 months ago

BRIEF-Egypt's Palm Hills Developments Q4 consol net profit rises

Feb 7 (Reuters) - Palm Hills Developments Company Sae

* Q4 consol net profit after minority interest EGP 235 million versus EGP 169 million year ago

* Q4 consol revenue EGP 2.00 billion versus EGP 1.06 billion year ago

* FY consol net profit EGP 785.3 million versus EGP 948.5 million year ago

* FY consol revenue EGP 5.63 billion versus EGP 3.64 billion year ago

* Expects to monetize receivables of up to EGP 1 billion during 2017

* “Still expect sales growth in FY 2017”

* Expects to finalize all construction works of Village Gate and VGK Malls during FY 2017, and to be operational during FY 2018

* Is currently in active negotiations to acquire on co-development basis 130 feddan in Alexandria Source:(bit.ly/2leq65C) Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below