Egypt's Palm Hills sees Q1 net loss

Ahram Online, Tuesday 15 May 2012

Egypt's Palm Hills, the country's second biggest listed developer, has posted net losses of LE16.3 million ($2.7 million) for the first quarter of 2012, a statement from the stock exchange showed on Tuesday.

The top-end real estate developer posted a net loss of LE36.2 million over the same period in 2011.
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