Palm Hills Developments logo

PHDC - Palm Hills Developments News Story

EGP1.66 0.0  3.0%

Last Trade - 12:00am

Sector
Size
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

BRIEF-Egypt's Palm Hills Developments Q3 profit falls

Thu 2nd November, 2017 6:55am
Nov 2 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE 
 PHDC.CA : 
    * Q3 NET PROFIT AFTER TAX AND MINORITY INTEREST EGP 118 
MILLION 
VERSUS EGP 235 MILLION YEAR AGO 
    * Q3 REVENUE EGP 1.53 BILLION VERSUS EGP 1.49 BILLION YEAR 
AGO 
    * NEW SALES FOR NINE MONTHS 2017 REACHED EGP 8.1 BILLION, 
GROWTH 
OF 44 PERCENT YOY 
    * NINE-MONTH CASH INFLOW FROM OPERATIONS RECORDED EGP 3.5 
BILLION, 
A GROWTH OF 65 PERCENT YOY 
    * NINE-MONTH CONSTRUCTION EARNED VALUE STOOD AT EGP 1.7 
BILLION 
    * Q3 NET PROFIT HIT BY INCREASE IN LAND LIABILITIES, 
MINORITY 
INTEREST, INTEREST CHARGES AND EGP 25 MILLION ONE OFF HIT FROM 
DISCOUNTING OF RECEIVABLES 
    * DESPITE FLOATATION OF EGYPTIAN POUND AND RESULTING 
INFLATION, CO 
STILL EXPECTS SALES GROWTH DURING REST OF FY 2017 
 
Source: (http://bit.ly/2xM4akB) 
Further company coverage:  PHDC.CA  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

Recent news on Palm Hills Developments

See all news
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.