Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now

Help

简体中文

Egypt:Elsewedy Electric records profit of LE 1.02B in 6 months

Egypt:Elsewedy Electric records profit of LE 1.02B in 6 months

Image from Egypttoday


Elsewedy Electric Company's (SWDY) consolidated results showed a 47 percent decline in its profits during the first six months of 2020, recording LE 1.02 billion, compared to LE 1.95 billion in the same period of 2019. 

The indicators showed that revenues during the first half of the year hit LE 20.11 billion, compared to LE 21.55 billion during the same period of the prior year. 

Moreover, the company's standalone profits recorded LE 2.15 billion during the period of 2020, compared to LE 2.08 billion during the same months of 2019. 

Elsewedy Electric recoded net profit of LE 463.69 million during the first three months of 2020, compared to LE 995.5 billion in the same months of 2019. 

Elsewedy Electric operates within the capital goods sector focusing on electrical components and equipment. 

It has 37 subsidiaries operating across Northern Africa, Eastern Africa, Middle East and Southern Europe.

Follow Us:
Advertising
As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Investigation
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Data
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!
Others

Buyers Suppliers

Hot Search