Palm Hills reports strong H1 growth with EGP 14.3 bn in sales

فريق رجال الأعمال عقارات 14 August 2025 08:19 PM

Palm Hills Developments achieved sales of EGP 14.3 billion during the first half of the year, marking a 118% increase and driving growth in the company’s revenues and profits.

According to the company’s disclosure issued today, net profit reached EGP 903.7 million in the second quarter of 2025, up from EGP 701.6 million in the same period last year, a 29% increase after deducting minority interests. Earnings per share rose to EGP 0.31 per share, compared to EGP 0.23.

The company said the net profit growth was supported by a nearly 53% increase in net operating revenues, surpassing EGP 7 billion in Q2 2025, compared to EGP 4.7 billion in Q2 2024.

Half-year profits also rose 43% to EGP 2.44 billion, up from EGP 1.7 billion during the same period last year.

الكلمات الدالة:

Palm Hills Palm Hills Developments H1 growth first half sales EGP 14 3 billion profits revenue growth net profit second quarter 2025 earnings per share Q2 2025 financial results quarterly profit half year profits real estate Egyptian market property development economic performance