{"id":649021,"date":"2017-04-19T03:59:48","date_gmt":"2017-04-19T03:59:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/phd-grows-net-sales-by-58-y-o-y-records-highest-quarterly-sales-in-its-history\/"},"modified":"2017-04-19T03:59:48","modified_gmt":"2017-04-19T03:59:48","slug":"phd-grows-net-sales-by-58-y-o-y-records-highest-quarterly-sales-in-its-history","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/phd-grows-net-sales-by-58-y-o-y-records-highest-quarterly-sales-in-its-history\/","title":{"rendered":"PHD grows net sales by 58% y-o-y, records highest quarterly sales in its history"},"content":{"rendered":"

Palm Hills Developments (PHD) announced<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-649021","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"3353e667-ecb0-4e0f-82cc-7b096466614d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[648981],"teaser":"","voice_url":""},"yoast_head":"\nPHD grows net sales by 58% y-o-y, records highest quarterly sales in its history - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/phd-grows-net-sales-by-58-y-o-y-records-highest-quarterly-sales-in-its-history\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PHD grows net sales by 58% y-o-y, records highest quarterly sales in its history\" \/>\n<meta property=\"og:description\" content=\"Palm Hills Developments (PHD) announced that its net sales grew by 58% y-o-y to EGP 3.1 bn in 1Q2017. 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Rising construction costs have prompted developers to jack up prices, and while they\u2019re finding fewer buyers in absolute terms, there are still plenty of would-be homeowners in\u2026","rel":"","context":"In "Real estate"","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/826.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636931,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/phd-reports-15-5-y-o-y-increase-in-net-profit-for-9m2017\/","url_meta":{"origin":649021,"position":1},"title":"PHD reports 15.5% y-o-y increase in net profit for 9M2017","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"EARNINGS WATCH- \u2018Tis the season, folks, although we expect many companies will report their 3Q earnings only after coming home from the EFG Hermes London conference. Among those now out: Real estate developer Palm Hills Developments reported an increase of 15.5% y-o-y in net profit after tax for 9M2017, which\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640346,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/25\/palm-hills-developments-net-income-nearly-doubles-y-o-y-in-2q-2024\/","url_meta":{"origin":649021,"position":2},"title":"Palm Hills Developments\u2019 net income nearly doubles y-o-y in 2Q 2024","author":"enterpriseam admin","date":"25 August 2024","format":false,"excerpt":"The developer saw its net income rise 97% y-o-y to record EGP 701 mn during 2Q 2024","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/2082.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604034,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/24\/palm-hills-developments-income-up-9-in-2q-revenues-flat\/","url_meta":{"origin":649021,"position":3},"title":"Palm Hills Developments\u2019 income up 9% in 2Q, revenues flat","author":"enterpriseam admin","date":"24 August 2023","format":false,"excerpt":"The company reported record new sales during the quarter after it hiked prices by up to 70%","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647476,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/11\/cib-phd-post-record-earnings\/","url_meta":{"origin":649021,"position":4},"title":"CIB, PHD post record earnings","author":"enterpriseam admin","date":"11 May 2017","format":false,"excerpt":"EARNINGS WATCH- CIB delivered record top- and bottom-line performances to start 2017 as it released its first quarter earnings late last night. The lender delivered 29% revenue growth to EGP 3.32 bn, while its bottom line swelled 34% over the same period last year to EGP 1.73 bn. The bank\u2019s\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544529,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/08\/housing-and-development-bank-palm-hills-report-rise-in-net-income\/","url_meta":{"origin":649021,"position":5},"title":"Housing and Development Bank, Palm Hills report rise in net income","author":"enterpriseam admin","date":"8 March 2022","format":false,"excerpt":"Housing and Development Bank\u2019s (HDB) net income rose 5% in 4Q 2021 to EGP 396 mn, according to the bank\u2019s latest earnings release (pdf). 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