A record-breaking year
Palm Hills continues to perform well at the top line with record annual revenues of EGP5.6bn driven by the company’s best year for both reservations and the delivery of units. The accelerated construction programme is helping to mitigate the effects of inflation and management reports a strong start to 2017 in terms of both sales and construction. Improvements in the balance sheet are expected as the securitisation programme that began in Q416 brings forward cash flows and helps to pay back debt.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.