Net Profit for the quarter grew 156% y-o-y, reaching EGP 238m, complemented by positive cash flows from operations of EGP 1.1bn.
Latest in Tag: Palm Hills Developments Highlight
Latest in Tag: Palm Hills Developments
Palm Hills Developments sales grow 20% YoY to record EGP 14.9bn in FY2019
Securitisation, discounting transactions of gross receivables portfolio of EGP 1bn during Q4 of 2019
“We intend to engage in further securitisation and discounting transactions in FY 2019,” says Mansour
Palm Hills Developments (PHD) and Sarwa Capital (Sarwa) announce the closing of the latest issue of securitisation bond for PHD, backed by the receivables portfolio’s net present value which stood at EGP 609m, after applying a discount rate of 16.04% on the gross receivables portfolio of EGP 760m, calculated based on the average coupon of …