Cairo – Mubasher: Palm Hills Developments Company achieved consolidated net profits after tax valued at EGP 1.65 billion in the first quarter (Q1) of 2025, an annual rise from EGP 1.05 billion.
Revenues amounted to EGP 8.39 billion as of 31 March 2025, up year-on-year (YoY) from EGP 6.22 billion, according to the financial results.
Earnings per share (EPS) grew to EGP 0.54 in Q1-25 from EGP 0.34 in the January-March 2024 period.
Standalone Business
In the first three months (3M) of 2025, the group turned to standalone net losses after tax worth EGP 367.63 million, against net profits of EGP 160.62 million in Q1-24.
Non-consolidated sales plummeted YoY to EGP 918.55 million as of 31 March 2025 from EGP 1.50 billion. Loss per share hit EGP 0.12 when compared to a profit per share valued at EGP 0.06.
As of 31 December 2024, the group’s consolidated profits hiked by 106% to EGP 3.25 billion from EGP 1.58 billion in 2023.
