Palm Hills Developments Company (S.A.E) Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2019; Provides Earnings Guidance for the Year 2019
The company remain confident about company's ability to catch up with the full year targets during the coming quarters. Accordingly, the company maintain full year 2019 guidance with new sales target of EGP 14 billion, which should lead to revenue in the range of EGP 7.5 billion, resulting in a gross profit margin of 38%, and net profit in the range of EGP 1 billion.