Arab Finance: Palm Hills Development Company (PHDC) reported a 53.65% year-on-year (YoY) increase in consolidated net profits after tax for the first quarter (Q1) of 2025, registering EGP 1.539 billion, versus EGP 1.002 million, as per a filing.

The real estate development company’s operating revenues amounted to EGP 8.392 billion in Q1 2025, compared to EGP 6.228 billion in the same quarter a year earlier.

The firm has incurred standalone net losses after tax totaling EGP 367.634 million during the January-March period this year, versus profits worth EGP 160.624 million in the first three months of 2024.

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

TAQA Arabia’s consolidated profits up 32% YoY in Q1 2025 Updated 5/15/2025 10:40:00 AM

GB Corp’s consolidated profits inch up 0.03% YoY in Q1 2025 Updated 5/15/2025 10:36:00 AM

Raya Contact Center’s consolidated profits plunge 40.74% YoY in Q1 2025 Updated 5/15/2025 9:48:00 AM

Misr Chemical Industries’ profits down 15.45% YoY in 9 months Updated 5/15/2025 9:30:00 AM

Emaar Misr’s consolidated profits drop 41.96% YoY in Q1 2025 Updated 5/15/2025 9:24:00 AM