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Palm Hills Developments Company SAE (PHDC.CA)

PHDC.CA on Cairo Stock Exchange

4.75EGP
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Palm Hills Development Says Completes First Phase Plan Of Badya Project
Wednesday, 9 May 2018 03:32am EDT 

May 9 (Reuters) - PALM HILLS DEVELOPMENT COMPANY ::SAYS COMPLETES FIRST PHASE PLAN OF BADYA PROJECT.SAYS FIRST PHASE INCLUDES 1,379 HOUSING UNITS.SAYS EXPECTS EGP 3.25 BLN SALES FROM FIRSTH PHASE OF THE PROJECT.SAYS HOUSING UNITS OF THE PROJECT WILL BE LAUCHED IN NEXT 12 MONTHS WITH TOTAL INVESTMENT COST OF EGP 320 BLN.  Full Article

Palm Hills Says UP P Capital Investment Raises Stake to 16.51 Pct
Monday, 19 Mar 2018 09:00am EDT 

March 19 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::SAYS UP P CAPITAL INVESTMENT BUYS 128.1 MILLION SHARES IN CO, RAISES STAKE TO 16.51 PERCENT.SAYS AABAR INVESTMENTS SELLS 128.1 MILLION SHARES IN CO FOR EGP 525.3 MILLION.  Full Article

Egyptian Exchange Says Palm Hills Shares block-traded for EGP 525.3 Mln
Friday, 16 Mar 2018 01:05pm EDT 

March 19 (Reuters) - EGYPTIAN EXCHANGE::PALM HILLS DEVELOPMENTS BLOCK TRADED FOR 128.1 MILLION SHARES FOR TOTAL VALUE OF EGP 525.3 MILLION.  Full Article

Palm Hills Syas U P P Capital Investment Raises Stake to 10.18 Pct
Tuesday, 27 Feb 2018 12:34am EST 

Feb 27 (Reuters) - PALM HILLS DEVELOPMENTS ::U P P CAPITAL INVESTMENT BUYS 17 MILLION CO'S SHARES FOR TOTAL VALUE OF EGP 69.7 MILLION, RAISES STAKE TO 10.18 PERCENT.  Full Article

Egypt's Palm Hills Q4 Profit Rises
Monday, 26 Feb 2018 02:16am EST 

Feb 26 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::Q4 CONSOL NET PROFIT AFTER TAX AND MINORITY INTEREST EGP 338.6 MILLION VERSUS EGP 235.7 MILLION YEAR AGO.Q4 CONSOL REVENUE EGP 1.85 BILLION VERSUS EGP 1.97 BILLION YEAR AGO.AS AT END OF 2017, SALES BACKLOG EXCEEDS EGP 11.8 BILLION.IS PLANNING TO MONETIZE RECEIVABLES UP TO C.EGP 1.8 BILLION DURING YEAR, OF WHICH EGP 700 MILLION-800 MILLION WILL BE CONCLUDED DURING Q1.IS EYEING NEW SALES OF EGP 12 BILLION FOR THE YEAR, TO BE FUELED BY THE LAUNCH OF THE 3,000 FEDDAN PROJECT.IN 2018, COMPANY IS TARGETING A TOP LINE OF MORE THAN EGP 6.8 BILLION.IN 2018, COMPANY IS TARGETING NET PROFIT OF MORE THAN EGP 800 MILLION.COMPANY IS PLANNING TO HANDOVER 1,500 UNITS AND SPEND EGP 2 BILLION ON CONSTRUCTION DURING FY 2018.  Full Article

Dubai's Union Properties Acquires Stake in Egypt's Palm Hills
Tuesday, 9 Jan 2018 11:26pm EST 

Jan 10 (Reuters) - UNION PROPERTIES ::ACQUIRES 5.68 PERCENT STAKE IN EGYPT'S PALM HILLS THROUGH UNIT UPP CAPITAL INVESTMENT.  Full Article

EGX Says UPP Capital Raises Stake to 5.68 PCT in Palm Hills
Monday, 8 Jan 2018 08:36am EST 

Jan 8 (Reuters) - EGYPTIAN EXCHANGE ::EGYPTIAN EXCHANGE (EGX) SAYS UPP CAPITAL INVESTMENT BUYS 16 MILLION SHARES OF PALM HILLS DEVELOPMENTS FOR TOTAL VALUE OF EGP 64 MILLION.  Full Article

Egypt's Palm Hills Developments Q3 profit falls
Thursday, 2 Nov 2017 03:19am EDT 

Nov 2 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::Q3 NET PROFIT AFTER TAX AND MINORITY INTEREST EGP 118 MILLION VERSUS EGP 235 MILLION YEAR AGO.Q3 REVENUE EGP 1.53 BILLION VERSUS EGP 1.49 BILLION YEAR AGO.NEW SALES FOR NINE MONTHS 2017 REACHED EGP 8.1 BILLION, GROWTH OF 44 PERCENT YOY.NINE-MONTH CASH INFLOW FROM OPERATIONS RECORDED EGP 3.5 BILLION, A GROWTH OF 65 PERCENT YOY.NINE-MONTH CONSTRUCTION EARNED VALUE STOOD AT EGP 1.7 BILLION.Q3 NET PROFIT HIT BY INCREASE IN LAND LIABILITIES, MINORITY INTEREST, INTEREST CHARGES AND EGP 25 MILLION ONE OFF HIT FROM DISCOUNTING OF RECEIVABLES.DESPITE FLOATATION OF EGYPTIAN POUND AND RESULTING INFLATION, CO STILL EXPECTS SALES GROWTH DURING REST OF FY 2017.  Full Article

Palm Hills, NUCA to develop EGP 150 bln residential project
Tuesday, 12 Sep 2017 04:27am EDT 

Sept 12 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY :SAYS CO AND NUCA INK CO-DEVELOPMENT AGREEMENT OF AN INTEGRATED RESIDENTIAL COMMUNITY SPREADING 12.6 MILLION SQM IN WEST CAIRO.SAYS CO WILL BE RESPONSIBLE FOR FINANCING, CONSTRUCTION, DEVELOPMENT, INTERNAL INFRASTRUCTURE, MARKETING AND SALES ACTIVITIES.SAYS NUCA WILL BE CONTRIBUTING LAND BANK ALONGSIDE ALL ASSOCIATED EXTERNAL INFRASTRUCTURE TO BOUNDARIES OF PROJECT.NUCA TO GET REVENUE SHARE OF 26 PERCENT, TRANSLATING INTO C.EGP 25.2 BILLION PAYABLE OVER 12 YEARS TO GOVERNMENT, IN-KIND PAYMENT OF BUA OF UP TO 422K SQM.SAYS PROJECT’S INVESTMENT COST IS ESTIMATED AT EGP 150 BILLION.  Full Article

Egypt's Palm Hills Developments Q2 consol profit rises
Thursday, 10 Aug 2017 03:50am EDT 

Aug 10 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY :Q2 CONSOL NET PROFIT EGP 137 MILLION VERSUS EGP 63.9 MILLION YEAR AGO.Q2 CONSOL TOTAL REVENUE EGP 1.64 BILLION VERSUS EGP 1.08 BILLION YEAR AGO.H1 CONSOL NET PROFIT EGP 349.3 MILLION VERSUS EGP 169.3 MILLION YEAR AGO.  Full Article

BRIEF-Palm Hills Syas U P P Capital Investment Raises Stake to 10.18 Pct

* U P P CAPITAL INVESTMENT BUYS 17 MILLION CO'S SHARES FOR TOTAL VALUE OF EGP 69.7 MILLION, RAISES STAKE TO 10.18 PERCENT Source: (http://bit.ly/2HNh9rM) Further company coverage:

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