Egypt El-Sewedy Electric profits triples in 2014

Ahram Online , Monday 30 Mar 2015

El-Sewedy Electric, Egypt's largest listed cable maker, saw its net profit reach LE403million in 2014

El Sewedy
An employee works at El Sewedy's electricity cable factory (Photo: Courtesy of El Sewedy website)

Egypt's largest listed cable maker, El-Sewedy Electric Co., saw its net profits for 2014 climb 315.5 percent from the prior year, financial statements posted on Monday on the Egyptian stock exchange showed.

Net profit was LE403million in 2014, up from LE97 million last year.

El-Sewedy’s share price increased 2.63 percent before the session's end to LE48 per share. 


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