Market: Egypt ISIN: EGS655L1C012 Industry: Real estate development

Palm Hills Developments, a leading real estate developer in Egypt, is a joint stock company established in 1997. Palm Hills builds integrated communities and has one of the most diversified land bank portfolios, spreading over approximately 27 million square meters (“sqm”) in Egypt, including 5 million sqm in Saudi Arabia. The Company’s product offerings include primary homes on both West Cairo and East Cairo, as well as secondary homes by the Mediterranean Sea, North Coast.

Today, PHD has 12 projects under development, 5 projects in West Cairo, 5 projects in East Cairo and 2 projects in North Coast. PHD is one of the most liquid and actively traded stocks on the Egyptian Stock Exchange, and is traded under the symbol “PHDC.CA”. The Company also has a GDR listing on the London Stock Exchange, and is traded under the symbol “PHDC.LI”.

Share Data
20/07/2017
Currency EGP Volume 2,095,343
Previous Close 3.23 Number of Shares (mln) 2,172.32
Change (%) -1.22 Market Cap (mln) 7,016.59
1M Change % 5.55 YTD Change % 4.19
1M high 3.36 YTD high 3.59
1M low 3.02 YTD low 2.77
Currency EGP
Volume 2,095,343
Previous Close 3.23
Number of Shares (mln) 2,172.32
Change (%) -1.22
Market Cap (mln) 7,016.59
1M Change % 5.55
YTD Change % 4.19
1M high 3.36
YTD high 3.59
1M low 3.02
YTD low 2.77
Key Figures (EGP mln)
2013
2014
2015
2016
Income statement        
Revenue 1,209 2,106 3,642 5,631
Gross profit 270 705 1,150 1,679
Profit before tax 252 382 986 913
Income tax expense (1) (10) (46) (126)
Profit for the year 252 373 949 785
Balance sheet        
Total assets 13,028 14,890 18,787 22,250
Total liabilities 9,551 10,753 12,359 15,617
Total equity 3,476 4,136 6,428 6,633
Cash flow        
Net cash generated from operating activities 14 (488) (2,659) 27
Net cash generated from/(used in) investing activities (11) (2) 643 25
Net cash used in financing activities 52 574 2,780 (209)
Cash and cash equivalents at the end of the year 111 202 966 809
Key indicators        
New-sales 1,479 3,936 6,332 8,194
Contracted sales 1,117 2,979 4,435 7,086
Notes: Figures are presented in accordance with Egyptian GAAP.