PHD grows net sales by 58% y-o-y, records highest quarterly sales in its history

Palm Hills Developments (PHD) announced that its net sales grew by 58% y-o-y to EGP 3.1 bn in 1Q2017. The amount recorded is the highest net sales level in the history of the company. As a result, PHD raised its 2017 full-year sales target to EGP 9.5 bn from an initially projected EGP 8.5 bn.