Palm Hills Developments S.A.E. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 4,364.67 million compared to EGP 2,616.4 million a year ago. Net income was EGP 441.29 million compared to EGP 352.37 million a year ago. Basic earnings per share from continuing operations was EGP 0.15 compared to EGP 0.116 a year ago.
For the nine months, sales was EGP 11,283.72 million compared to EGP 9,556.62 million a year ago. Net income was EGP 1,049.34 million compared to EGP 910.86 million a year ago. Basic earnings per share from continuing operations was EGP 0.353 compared to EGP 0.3 a year ago.