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Palm Hill ... sees solid sales growth.

Palm Hills nets solid Q1 profit growth

CAIRO, April 30, 2015

Egyptian developer Palm Hills has reported a first quarter net profit after minority interests of E£215 million ($28.2 million), up from E£50 million ($6.5 million) in the same period last year, Egypt's second-biggest listed property developer said on Tuesday.

Revenue stood at E£742 million ($97 million) versus E£400 million ($52.2), the luxury real estate developer said in a statement.-Reuters

Tags: Cairo | residential | Palm Hills |

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