Ebola death toll near 5,000 with total infected people near 15,000    Gabon's Aubameyang scores twice as Dortmund thrash Galatasaray 4-0    Will Gaza receive pledged donations?    Shooting locks down Canadian parliament; one suspect reported dead    Global Telecom sells Burundi and Central Africa shares    Cairo University area hit by bomb, injuring at least 10    Strikes hit Islamic State near Syrian border town, Iraqi dam: US    IDB approves $230.2m Sharm El-Sheikh airport development    BREAKING: Egypt finance minister sentenced to a year in jail; Kadry could appeal    Yemeni authorities agree to release 64 Egyptian sailors and fishermen    Israeli troops injured by gunfire from Sinai    41-year-old keeper El-Hadary stars to help Ismaily hold Ahly    Prosecution investigates child's death on school grounds    BREAKING: Bomb explodes outside Cairo University, four policemen injured    Egypt calls for ‘return of the Libyan capital'    Egypt's police to train African security personnel    Afghan president's first trip abroad will be to China    Presidential Palace trial postponed to 23 October    Egyptian, Ethiopian foreign ministers prepare for joint meeting    Upbeat earnings, hopes of more ECB stimulus lift mood in Europe    Trayvon Martin inspires gallery display in Zamalek    Egypt's Beltone Financial to spend $42 million expanding next year    Egypt to Present $1.5bn Cairo-6 October Train Plans at Economic Summit    Egypt Seeks to Trim Budget Deficit to 8% by 5 Years: Finance Minister    Royal Museum of Jewellery reopens for first time since 25 January Revolution    Brazil's Rousseff pulls ahead of Neves before Sunday's election: Poll    Hong Kong Protesters Plan March After Fruitless Talks With Government    U.S. Government Probes Medical Devices For Possible Cyber Flaws    Israel's Tamar Confirms $4bn Gas Deal Talks with Egypt's Dolphinus    Egypt Court Sets 1 January as Date for Al Jazeera Staff Appeal    It's not normal to win 7-1: Bayern Munich's coach Pep Guardiola    Egypt's Regional Role Tones Down Western Criticism On Civil Liberties    Egypt Court Adjourns Case Against Protest Law To December 16th    Egypt's Police Stations To Have Units To Monitor Human Rights Abuses    Man Killed, Woman And Child Injured In Shooting In Egypt's North Sinai    Egypt Military Court Sentences 7 To Death On Charges Related To Terrorism    Art Alert: Kremer to play on Stradivari violin in Egypt    Military court sentences 7 to death on charges related to terrorism    Iran Offers 'Compromises' In Nuclear Talks, West Unmoved    Tanta receives 3 million visitors participating in Moulid Al-Sayed Al-Badawy festival    Warsaw upgrades exhibit of saved Sudanese art    Italy-Egypt Partnership Growing, From Culture To Business    Shorouk El-Zeftawy: Meet Egypt's Youngest Wildlife Director    Michael Jackson tops Forbes list of highest-earning dead celebrities    VIDEO: Egypt overcome stubborn Botswana again    Zamalek hire Portuguese Pacheco as manager    VIDEO: Elneny, Salah inspire Egypt with brilliant goals    EFA Official Rules Out Faking Of Injuries By Elmohamady And Ekrami    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.




Your friends recommend

Palm Hills slips into H1 net loss
Published in Daily News Egypt on 21 - 08 - 2011

CAIRO: Egyptian real estate firm Palm Hills Developments, the country's second-biggest developer slipped to a 2011 first-half net loss of LE 81.4 million ($13.6 million), the stock exchange said on Sunday.
The firm, hard hit by an uprising that toppled President Hosni Mubarak and widening graft probes that have frozen sales and increased cancellations, reported a 191.4 million net profit in the first half of 2010, the note said, without providing further details.
Palm Hills had reported a first-quarter net loss of LE 36.2 million, compared with a year-earlier net profit of LE 107 million.
Palm Hills is among several real estate firms facing legal challenges contesting its land bank.
Its Chairman Yasseen Mansour was among several businessman who were facing corruption charges. Mansour and the former housing minister Ahmed El-Maghrabi were cleared of corruption charges in a state land sale last month.
But although Mansour was cleared of criminal charges, the company is awaiting a verdict by another court on whether the contract for one of its land plots will be scrapped. That court is due to hear the case on Oct. 4.
The firm is facing court cases contesting the legality of two of its land plots and has said it would return at least two other plots of land to help manage cash flows.


Clic here to read the story from its source.