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Palm Hills Developments Company SAE (PHDC.CA)

PHDC.CA on The Egyptian Exchange

2.19EGP
17 Sep 2019
Change (% chg)

£0.06 (+2.82%)
Prev Close
£2.13
Open
£2.14
Day's High
£2.20
Day's Low
£2.13
Volume
11,261,003
Avg. Vol
12,024,614
52-wk High
£3.00
52-wk Low
£1.94

Latest Key Developments (Source: Significant Developments)

Egypt's Palm Hills Board Approves To Close Dubai Branch
Tuesday, 11 Jun 2019 

June 11 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::BOARD APPROVES TO CLOSE AND DEREGISTER PALM HILLS DEVELOPMENTS' DUBAI BRANCH.  Full Article

Egypt's Palm Hills Developments Q1 Profit Falls
Tuesday, 11 Jun 2019 

June 11 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::Q1 CONSOL NET PROFIT AFTER TAX & MINORITY INTEREST EGP 141 MILLION VERSUS EGP 224 MILLION YEAR AGO.Q1 CONSOL REVENUE EGP 958 MILLION VERSUS EGP 1.47 BILLION YEAR AGO.ACHIEVED NEW SALES OF EGP2.2 BILLION IN Q1 2019, A GROWTH OF 5% YOY.Q1 REVENUE DECLINED BY 35% YOY TO EGP9 58 MILLION, LARGELY DRIVEN BY LOWER HANDED OVER RESIDENTIAL UNITS.CONFIDENT ABOUT COMPANY’S ABILITY TO CATCH UP WITH THE FULL YEAR TARGETS DURING THE COMING QUARTERS.MAINTAINS FY 2019 GUIDANCE WITH NEW SALES TARGET OF EGP 14 BILLION.FY 2019 GUIDANCE OF REVENUE IN RANGE OF EGP 7.5 BILLION, NET PROFIT IN THE RANGE OF EGP 1 BILLION.EXPECTS A MINOR IMPACT OF C.5% ON THE COST OF CONSTRUCTION FROM THE HIKE IN ELECTRICITY.IMPACT OF C.5% COST OF CONSTRUCTION ALSO INCLUDES FORESEEN INCREASE IN FUEL PRICES ASSOCIATED WITH SUBSIDY CUTS.  Full Article

Palm Hills Developments Concludes Securitization Of EGP 760 Mln Receivables Portfolio
Wednesday, 6 Mar 2019 

March 6 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY SAE ::CO AND SARWA CAPITAL CONCLUDE SECURITIZATION OF EGP 760 MILLION RECEIVABLES PORTFOLIO.CLOSES LATEST ISSUE OF SECURITIZATION BOND FOR CO BACKED BY RECEIVABLES PORTFOLIO RELATED TO 670 DELIVERED UNITS.RECEIVABLES PORTFOLIO’S NET VALUE STOOD AT EGP 609 MILLION AFTER DISCOUNT RATE OF 16.04% ON GROSS RECEIVABLES PORTFOLIO OF EGP 760 MILLION.RECEIVABLES PORTFOLIO’S NET VALUE CALCULATED BASED ON AVERAGE COUPON OF BOND’S THREE TRANCHES ISSUED BY SARWA CAPITAL.SARWA PROMOTION & UNDERWRITING ACTED AS FINANCIAL ADVISOR, LEAD MANAGER AND ARRANGER OF THE TRANSACTION.  Full Article

Egypt's Palm Hills Aims New Sales of Up To EGP 14 Bln In 2019
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::AIMS NEW SALES IN 2019 UPTO EGP 14 BILLION.EXPECTS TO HAND OVER 1,350 HOUSING AND COMMERCIAL UNITS IN 2019.EXPECTS CONSTRUCTION EXPENSES IN RANGE OF EGP 2.2 BILLION IN 2019.EXPECTS 2019 NET PROFIT IN RANGE OF EGP 1 BILLION.EXPECTS 2019 OPERATING INCOME EGP 7.5 BILLION.  Full Article

Egypt's Palm Hills Board Approves Issued Capital Increase
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::BOARD APPROVES ISSUED CAPITAL INCREASE TO EGP 6.24 BILLION FROM EGP 6.16 BILLION THROUGH EMPLOYEE STOCK OWNERSHIP PROGRAM .  Full Article

Egypt's Palm Hills Board Approves Capital Increase
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::BOARD APPROVES ISSUED CAPITAL INCREASE TO EGP 6.16 BILLION FROM EGP 4.62 BILLION.  Full Article

Palm Hills Developments Raises EGP 991 Mln In Second Subscription Round
Monday, 3 Dec 2018 

Dec 3 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::RAISES EGP 991 MILLION IN SECOND SUBSCRIPTION ROUND, IMPLYING 3.3 TIMES OVERSUBSCRIPTION.COMPLETES SECOND SUBSCRIPTION ROUND FOR UNSUBSCRIBED PORTION OF EGP 1.54 BILLION RIGHTS ISSUE OF 769 MILLION NEW ORDINARY SHARES.UNSUBSCRIBED PORTION STOOD AT 148.4 MILLION SHARES, WITH TOTAL VALUE OF EGP 301 MILLION, REPRESENTING 19.29 PERCENT FROM TOTAL OFFERING.  Full Article

Egypt's Palm Hills Developments Q3 Profit Rises
Thursday, 22 Nov 2018 

Nov 22 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::Q3 NET PROFIT AFTER TAX AND MINORITY INTEREST EGP 200 MILLION VERSUS EGP 118 MILLION YEAR AGO.Q3 REVENUE EGP 2.28 BILLION VERSUS EGP 1.53 BILLION YEAR AGO.Q3 NEW SALES EGP 2.03 BILLION VERSUS EGP 1.93 BILLION YEAR AGO.  Full Article

Egypt's Palm Hills Raises EGP 1.26 Bln Through Capital Increase Subscription
Monday, 19 Nov 2018 

Nov 19 (Reuters) - PALM HILLS DEVELOPMENTS COMPANY ::RAISES EGP 1.26 BILLION THROUGH 80.71 PERCENT SUBSCRIPTION ON FIRST PHASE OF CO'S CAPITAL INCREASE SUBSCRIPTION.  Full Article

Union Properties Says Unit To Subscribe Palm Hills Development's Capital Increase
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - UNION PROPERTIES PJSC ::SAYS UNIT UPP CAPITAL INVESTMENT INTENDS TO SUBSCRIBE CAPITAL INCREASE OF EGYPT'S PALM HILLS DEVELOPMENTS COMPANY.  Full Article

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