Egypt’s property developer Palm Hills Developments said it targets new sales worth EGP 14 bn in 2019, Invest-Gate reports.

Palm Hills also aims to achieve net profits and activity revenues amounting to EGP 2.2 bn and EGP 7.5 bn, respectively, according to a bourse filing on February 27.

The developer also plans to deliver a total of 1,350 residential and commercial units this year, while eyeing investments worth EGP 2.2 bn in various construction works.

In 2018, Palm Hills reported EGP 906.86 mn worth of profits, including minority shareholders’ rights, compared to EGP 936.47 mn in the prior year. The developer’s activity revenues amounted to EGP 7.42 bn in 2018, compared to EGP 6.6 bn in 2017.