Press Release: Palm Hills Developments pumps EGP1bn from its 2011 budget in its real estate projects
Due to the current unstable events witnessed by the Egyptian real estate market, Palm Hills Developments (PHD) - the second largest real estate developer in Egypt - announced its financial results for Q1 2011, registering a net revenue of EGP197m compared to EGP198m for Q1 2010, with a net loss of EGP36.2m.
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