In a disclosure, the company said it had acquired a 315-acre
plot of land at the entrance to the New Administrative Capital, directly
adjacent to New Cairo. It expects total sales from the new site to reach around
EGP 160 billion over the next eight years.
The company also acquired a 97-acre plot as an extension of
Palm Hills New Cairo. It plans to launch this new project before the end of the
year, with projected sales of about EGP 29 billion over three years.
Palm Hills Developments recorded a net profit of EGP 2.58
billion between January and June 2025, compared to EGP 1.78 billion in the same
period of 2024, taking minority interests into account.
It reported net operating revenues of EGP 15.57 billion in
the first half of 2025, compared to EGP 10.93 billion a year earlier.
The company posted a standalone loss of EGP 753.36 million
in the first half of 2025, versus a profit of EGP 501.03 million in the same
period of 2024.