El-Sewedy Electric Gains EGP225.67 mln in 9 Months
El-Sewedy Electric (SWDY.CA), the leading Wire & Cable and Integrated Energy Solution Provider in the Middle East and Africa, announced today its financial results for the first nine months of 2013 ending September 30th.
The 9-month financial results showed that El-Sewedy has attained a consolidated net profit of EGP 225.67 million, higher than profits of EGP 179.09 million posted during the same comparable period a year earlier.
On the other hand, El-Sewedy had incurred standalone net losses worth EGP 136.05 million for the first nine months of 2013 versus net profits of EGP 391.7 million for the same comparable period in 2012.
