EARNINGS WATCH- Palm Hills Development’s net profit after tax and minority interest revenues inched up 4% y-o-y 2019 to EGP 846.8 mn, up from EGP 811.7 mn in 2018, according to an EGX filing (pdf). The company’s revenues fell 16% y-o-y to EGP 6.2 bn, from EGP 7.4 bn the year prior.

Correction: 26/02/2020

A previous version of this article incorrectly stated that PHD's revenues increased by 16% in 2019.

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