Palm Hills Developments S.A.E. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced sales was EGP 2,604 million compared to EGP 1,767 million a year ago. Net income was EGP 302 million compared to EGP 171 million a year ago. For the full year, sales was EGP 6,224 million compared to EGP 7,423 million a year ago. Net income was EGP 847 million compared to EGP 812 million a year ago.