Egyptian developer Palm Hills posts 2014 profit of 353 mln pounds

Palm Hills made a 2014 profit after tax and minority interest of 353.3 million Egyptian pounds ($46.30 million), up from 238.9 million, Egypt's second-biggest listed property developer said on Sunday.

Revenues rose to 2.1 billion from 1.2 billion pounds, the luxury real estate developer said in a statement.