{"id":705128,"date":"2026-05-24T00:00:00","date_gmt":"2026-05-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=705128"},"modified":"2026-05-24T02:46:53","modified_gmt":"2026-05-24T02:46:53","slug":"palm-hills-and-oriental-weavers-post-their-1q-2026-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/24\/palm-hills-and-oriental-weavers-post-their-1q-2026-earnings\/","title":{"rendered":"Palm Hills and Oriental Weavers post their 1Q 2026 earnings"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Palm Hills Developments<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Palm Hills Developments\u2019 net income after tax and minority <\/strong><strong>interest fell 21.7%<\/strong><strong> y-o-y to EGP 1.2 bn in 1Q 2026<\/strong>, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/704737.pdf\" style=\"\">earnings release (pdf)<\/a>. Revenues rose 11.3% y-o-y to EGP 9.3 bn, driven by strong new sales growth and the recognition of its development backlog, which swelled to a massive EGP 263 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Behind the fall:<\/strong> Management noted that the drop in net income reflects base effects from a one-off land sale in the same quarter last year; adjusting for that, normalized net income would have actually risen 23% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Total new sales hit EGP 52 bn<\/strong> \u2014 a 58% growth over its normalized base \u2014 bolstered by East Cairo sales, which jumped to EGP 29.5 bn following the EGP 24 bn launch of Village de La Capitale.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s next:<\/strong> The developer is gearing up to launch its North Coast project, Hacienda Ras El Hekma, next month, Executive Chairman Yasseen Mansour said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Oriental Weavers<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Oriental Weavers\u2019 net income rose 62% y-o-y to EGP 893 mn in 1Q 2026<\/strong>, bolstered by EGP 201 mn in export subsidy collections and EGP 328 mn in capital gains from the sale of unproductive assets, according to its latest <a target=\"_blank\" href=\"https:\/\/ent.news\/internal\/704738.pdf\" style=\"\">earnings release (pdf)<\/a>. Meanwhile, revenue grew 9% y-o-y to EGP 6.9 bn on the back of an 8% increase in sales volumes, supported heavily by international demand, particularly from the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>International sales accounted for 65% of the company\u2019s top line during the quarter<\/strong>, despite a softer global consumer spending. The tufted export segment delivered an 18% y-o-y revenue increase on the back of higher-priced product launches in the US. Domestically, revenues from the woven segment rose 20% y-o-y on prioritizing higher-income consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Palm Hills\u2019 1Q 2026 net income fell 21.7% on base effect, while Oriental Weavers\u2019 net income rose 62% y-o-y to EGP 893 mn<\/p>\n","protected":false},"author":1,"featured_media":705129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7208],"tags":[409,72,12529],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-705128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-enterpriseam","tag-palm-hills-development","wpautop","entry"],"acf":{"mongo_id":"71180ee3-7e3a-4d70-a1d3-0e07e4285448","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/2082.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More 1Q earnings are out","related_issue":[705112],"teaser":"Palm Hills\u2019 1Q 2026 net income fell 21.7% on base effect, while Oriental Weavers\u2019 net income rose 62% y-o-y to EGP 893 mn"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Palm Hills and Oriental Weavers post their 1Q 2026 earnings - 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\/2026\/05\/24\/palm-hills-and-oriental-weavers-post-their-1q-2026-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palm Hills and Oriental Weavers post their 1Q 2026 earnings\" \/>\n<meta property=\"og:description\" content=\"Palm Hills\u2019 1Q 2026 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The company reported net income of EGP 295 mn, supported by a 47% increase in revenues which reached EGP 2.9\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551125,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/earnings-watch-hdb-heliopolis-housing-report-1q-2022-results\/","url_meta":{"origin":705128,"position":3},"title":"Earnings watch: HDB + Heliopolis Housing report 1Q 2022 results","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"EARNINGS WATCH-Housing and Development Bank\u2019s (HDB) net income fell 3.5% y-o-y in 1Q 2022 to EGP 628 mn, according to the bank\u2019s latest financial statement (pdf). The bank\u2019s net interest income rose 18.6% y-o-y to EGP 976.50 mn.Heliopolis Housing and Development\u2019s 1Q 2022 bottom line fell 96.9% y-o-y to EGP\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560517,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/02\/earnings-watch-ibnsina-ekh-palm-hills-al-baraka-bank-domty\/","url_meta":{"origin":705128,"position":4},"title":"Earnings watch: Ibnsina, EKH, Palm Hills, Al Baraka Bank, Domty","author":"enterpriseam admin","date":"2 March 2021","format":false,"excerpt":"Ibnsina Pharma\u2019s net income tumbled 71% y-o-y in 4Q2020 to EGP 24.2 mn, down from EGP 83.2 mn in 4Q2019, the pharma distributor said in its annual earnings statement (pdf). The drop comes despite net revenues rising 6.6% y-o-y during the quarter to EGP 4.9 bn. On a full-year basis,\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":620959,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/29\/phd-ci-capital-raya-holding-gb-corp-report-1q-earnings\/","url_meta":{"origin":705128,"position":5},"title":"PHD, CI Capital, Raya Holding, GB Corp report 1Q earnings","author":"enterpriseam admin","date":"29 May 2024","format":false,"excerpt":"Palm Hills\u2019 sales jumped 377% y-o-y to a record of EGP 32.3 bn","rel":"","context":"In &quot;EARNINGS WATCH&quot;","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\/5\/2339.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/705128","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=705128"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/705128\/revisions"}],"predecessor-version":[{"id":705168,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/705128\/revisions\/705168"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/705112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/705129"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=705128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=705128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=705128"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=705128"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=705128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}