Cairo – Mubasher: Palm Hills Development Co has denied achieving sales of EGP 10.5 billion during 2017.

The Egyptian real estate firm will reveal its 2017 financial results on Monday, 26 February, Palm Hills noted in a filing to the Egyptian Exchange (EGX) on Wednesday.

The company has previously that it had achieved profits of EGP 117.6 million in the third quarter of 2017, versus EGP 234.9 million in the same period of 2016.

By 11:19 am Cairo time, Palm Hills’ stock rose 1.97% to EGP 4.14.