Arab Finance: Palm Hills Development Company (PHDC) recorded a consolidated net profit after tax and minority interest of EGP 1.255 billion in 2022, up by 52.3% year on year (YoY) from EGP 824.36 million, the company’s financial statements showed.

Moreover, the company generated consolidated net operating revenues of EGP 13.6 billion last year, up from EGP 7.717 billion in 2021.

The company’s standalone net profit after tax rose to EGP 992.443 million in 2022 from EGP 365.942 million in 2021.

Palm Hills is an Egypt-based company that focuses on real estate investment in the new cities and urban communities, land reclamation and cultivation, and other activities associated with the Company’s operations.

Orascom Investment sees 4.9% YoY lower consolidated losses in 9 months Updated 12/31/2025 9:47:00 AM

Mohandes Insurance sees 4.86% YoY lower profits in 9 months Updated 12/31/2025 8:50:00 AM

ICON’s consolidated profits shrink 40% YoY in 9 months Updated 12/18/2025 10:55:00 AM

Maridive and Oil Services reports 105.5% YoY higher profits in 9 months Updated 12/14/2025 3:11:00 PM

Palm Hills, Marriott International to develop St. Regis hotel in Cairo Updated 12/14/2025 1:05:00 PM