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PHDC - Palm Hills Developments News Story

EGP1.65 -0.0  -0.7%

Last Trade - 13/04/21

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BRIEF-Egypt's Palm Hills says on track to achieve FY17 sales target

Thu 10th August, 2017 8:40am
Aug 10 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY 
 PHDC.CA : 
    * IN Q2 CO HANDED OVER 467 UNITS, A GROWTH OF 12 PERCENT YOY 
    * Q2 NEW SALES RECORDED 156 PERCENT YOY GROWTH TO MARK EGP 
2.5 BILLION 
    * IN Q2 NEW RESIDENTIAL SALES RECORDED EGP 2 BILLION WHILE 
COMMERCIAL SALES STOOD AT EGP 0.5 BILLION 
    * REMAINS ON TRACK TO ACHIEVE ITS PREVIOUSLY ANNOUNCED FULL 
YEAR 2017 TARGETS WITH NEW SALES OF EGP 9.5 BILLION 
    * CO HAS 12 PROJECTS UNDER DEVELOPMENT, TRANSLATING INTO 
SALES BACKLOG EXCEEDING EGP 11.4 BILLION 
 
Source text for Eikon:  ID:nRSJ6263Na  
Further company coverage:  PHDC.CA  
 
 ((Bangalore.newsroom@thomsonreuters.com;))

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