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
16/08/2018
Currency EGP Volume 4,786,259
Previous Close 3.03 Number of Shares (mln) 2,308.949
Change (%) -0.66 Market Cap (mln) 6,582.13
1M Change % -25.61 YTD Change % -21.80
1M high 4.14 YTD high 5.81
1M low 2.91 YTD low 2.91
Currency EGP
Volume 4,786,259
Previous Close 3.03
Number of Shares (mln) 2,308.949
Change (%) -0.66
Market Cap (mln) 6,582.13
1M Change % -25.61
YTD Change % -21.80
1M high 4.14
YTD high 5.81
1M low 2.91
YTD low 2.91
Key Figures (EGP mln)
2014
2015
2016
2017
Income statement        
Revenue 2,106 3,642 5,631 6,604
Gross profit 705 1,150 1,679 2,103
Profit before tax 382 986 913 1,103
Income tax expense 10 46 126 162
Profit for the year 373 949 785 936
Balance sheet        
Total assets 14,890 18,787 22,250 29,251
Total liabilities 10,753 12,359 15,617 22,011
Total equity 4,136 6,428 6,633 7,240
Cash flow        
Net cash generated from operating activities (488) (2,659) 27 (278)
Net cash generated from/(used in) investing activities (2) 643 25 131
Net cash used in financing activities 574 2,780 (209) (99)
Cash and cash equivalents at the end of the year 202 966 809 (562)
Key indicators        
New sales 3,936 6,332 8,467 10,539
New sales - No. of Units 1,584 2,140 1,894 2,136
Notes: Figures are presented in accordance with Egyptian GAAP.