Egypt's Palm Hills Q3 profit drops 27%
Egypt: 2009-11-10 11:29:01
Egypt's Palm Hills Development has reported a 27% drop in net profit for the third quarter. The firm made a net profit of 133.2 million Egyptian pounds in the third quarter, compared to a previously stated profit of 182.5 million pounds a year earlier. Net sales were 303 million pounds. The firm said this figure, compared to 242 million pounds in the second quarter, marked good progress amidst the challenging economic enviornment.
