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Egypt's Palm Hills reduces H1 loss to LE80.7m
Country's second largest property developer curbs its 6-month losses
Published in Ahram Online on 12 - 09 - 2012

Palm Hills, Egypt's second-biggest listed property developer, reduced its net loss for the first half to LE80.7 million ($13.25 million) from LE81.4 million a year earlier, the stock exchange said on Wednesday.
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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