Cairo – Mubasher: Palm Hills Developments Company registered consolidated net profits after tax worth EGP 1.29 billion in 2022, an annual hike from EGP 856.06 million, including non-controlling equity.
The revenues jumped to EGP 13.60 billion last year from EGP 7.71 billion in 2021, according to the income statements.
Earnings per share (EPS) increased to EGP 0.42 as of 31 December 2022 from EGP 0.27 a year earlier, whereas the total assets enlarged to EGP 26.01 billion from EGP 22.36 billion.
Standalone Financial Results
The company’s standalone net profits after tax climbed to EGP 992.44 million in 2022 from EGP 365.94 million in 2021, while the revenues surged to EGP 6.51 billion from EGP 1.92 billion.
Non-consolidated EPS widened to EGP 0.31 last year from EGP 0.10 during January-December 2021, whereas the total assets grew to EGP 13.74 billion from EGP 13.21 billion.
During the first nine months (9M) of 2022, the EGX-listed firm witnessed a leap in consolidated net profits after tax to EGP 910.86 million, compared to EGP 635.78 million in 9M-21.