ICEC

Egyptian cable maker El-Sewedy announces dividend for first nine months of 2015

Egyptian cable maker El Sewedy Electric’s shareholders agreed to issue one Egyptian pound ($0.1277) in dividends for the first nine months of 2015, the firm said in a bourse statement Wednesday.

In December El Sewedy, the largest listed cable maker in the Arab world, reported a jump in third-quarter net profit to 298.95 million Egyptian pounds from 103.73 million a year earlier.

Source: Reuters

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