Palm Hills announced sales of EGP 65.5 billion during the first half compared to EGP 19.6 billion, an increase of 233% year-on-year.

Consolidated revenues increased by 85% to reach EGP 10.9 billion, and gross profit amounted to EGP 4.2 billion, an increase of 80% year-on-year over the comparable period last year.

The company achieved a net profit after taxes of EGP 1.7 billion compared to a net profit after deducting taxes and minority rights of EGP 608 million, an increase of 180%.

The balance of receivables and customer balances amounted to EGP 104 billion at the end of the period compared to EGP 69 billion at the end of 2023, while the value of net loans amounted to EGP 109 billion during the first half of 2020 compared to EGP 1.8 billion at the end of 2023