Palm Hills Developments Achieves Record Net New Sales Of EGP3.1 Billion, A Growth Of 58% YoY In The First Quarter Of 2017
Palm Hills Developments ("PHD" or "the Company") announces that NetNew Sales has reached EGP3.1 billion during the first quarter of 2017, a growth of 58% YoY - the highest quarterly New Sales in the Company’s history - translating into 792 units sold, a growth of 53% YoY in terms of number of units sold. Accordingly, the Company has increased its 2017 full year New Sales target from the previously announced EGP8.5 billion to EGP9.5 billion.
The Company expects to announce the Consolidated Financial Statements and Operational Results for the first quarter of 2017 on May 10th, 2017.
