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Egypt's Palm Hills trims H1 loss to $13.25m
- Egypt: Thursday, September 13 - 2012 at 10:54
Egypt's second-biggest listed property developer, Palm Hills has reduced its net loss for the first half to EGP80.7m ($13.25m) from EGP81.4m a year earlier, Reuters has reported. The firm, battered by investigations into previous state land sales and by client cancellations after the uprising that toppled Hosni Mubarak last year, has made few new sales over the past 18 months.
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StaffThursday, September 13 - 2012 at 10:54 UAE local time (GMT+4)
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