Earnings watch: Palm Hills Developments

EARNINGS WATCH- Palm Hills Developments reported a 114% y-o-y increase in net profit after tax and minority interest to EGP 137 mn in 2Q2017. New sales grew by 156% y-o-y to EGP 2.5 bn in 2Q2017. The company also reported a 51% y-o-y increase in revenues to EGP 1.6 bn.