EARNINGS WATCH- Palm Hills Development reported an 8% y-o-y rise in net profit after tax and minority interest to EGP 640 mn in FY2016 from EGP 590 mn in FY2015, the company said in a statement. Revenues grew 55% y-o-y to EGP 5.631 bn in FY2016 compared to EGP 3.642 bn in FY2015.

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