Palm Hills Q1 Profit EGP 1.21 Bln

About this update from Palm Hills Development Co.

PALM HILLS DEVELOPMENT COMPANY EGX:PHDC : Q1 NET PROFIT AFTER TAX MINORITY INTEREST EGP 1.21 BILLION Q1 REVENUE EGP 9.35 BILLION NEW SALES RECORDED EGP 52 BILLION IN 1Q2026 AS OF 1Q, BACKLOG OF UNITS SOLD AND NOT YET DELIVERED REACHED EGP 263 BILLION AS WE MOVE INTO REMAINDER OF YEAR, WE WILL CONTINUE TO BUILD ON THIS TRAJECTORY BY ADVANCING CONSTRUCTION PROGRESS LOOK FORWARD TO LAUNCH OF LONG-AWAITED NORTH COAST PROJECT, HACIENDA RAS EL HEKMA, NEXT MONTH REMAINS FOCUSED ON DELIVERING SUSTAINABLE GROWTH RATHER THAN SHORTSIGHTED PROFITABILITY TRENGTHENING PIPELINE THROUGH STRATEGIC LAND ACQUISITIONS AND PARTNERSHIPS

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