El-Sewedy Electric 2014 Profit more than triples

By Yomna Yasser On Mar 30, 2015

Egypt’s El-Sewedy Electric, the Arab world’s biggest listed cable maker, reported on Monday a jump in annual net profit to 445.1 million Egyptian pounds (US$58.34 million) in 2014 from 134.5 million the previous year.

The company recommended a dividend of one pound per share, it said in a statement to the Cairo bourse.

Source: Reuters

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