Palm Hills Developments S.A.E. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 4,036.43 million compared to EGP 2,031.69 million a year ago. Net income was EGP 263.52 million compared to EGP 256.9 million a year ago. Basic earnings per share from continuing operations was EGP 0.087.
For the six months, sales was EGP 6,940.22 million compared to EGP 4,009.61 million a year ago. Net income was EGP 558.49 million compared to EGP 461.62 million a year ago. Basic earnings per share from continuing operations was EGP 0.184 compared to EGP 0.152 a year ago.