Egyptian real estate developer Palm Hills Developments net sales are at EGP 3.1 bnfor Q1 of 2017, up by 58% y-o-y, Invest-Gate reports.

Palm Hills Developments announces that the recorded net sales are the highest in the company’s history. During the first quarter, the developer sold a total of 792 units, an uptick of 53% y-o-y.

Palm Hills Developments also increased its 2017 full-year sales target from the previously announced EGP 8.5 bn to EGP 9.5 bn. The company expects to announce the consolidated financial statements and operational results for Q1 of 2017 on May 10, 2017.