Palm Hills Q1 Profit Dips on a One-Off Land-Sale Base Effect
Palm Hills reported consolidated net profits of EGP 1.205bn for Q1 2026, down 21.7% from EGP 1.539bn a year earlier, Arab Finance reported. The decline reflects base effects from a one-off land sale booked in the comparable quarter; adjusting for it, normalized net income rose about 23% year on year.
The takeaway for market watchers: read Egyptian developer earnings with land-sale one-offs in mind — underlying housing demand and delivery economics are what actually move the resale market.
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