Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, posted a 24 per cent drop in its nine-month net profit, according to figures published by the Egyptian stock exchange on Thursday.
Egypt's El Sewedy Electric reported a 29 per cent increase in net income for 2010, the stock exchange said on Wednesday.
El Sewedy had last April forecast a 25 per cent gain in 2010 net earnings as it saw loss-making activities recovering
Egyptian companies need to increase their investments in Nile basin states in order to gain more leverage in how water from the critical river source is used, the head of an Egyptian aid fund said.
Egypt, which relies on the Nile for almos
El Sewedy Cables, a leading energy company in Egypt, is looking into supplying wind energy projects in Egypt, the Middle East and African markets.
Research shows that the world market for wind turbine installations was worth about 45
Egyptian group El Sewedy Cables said it expects to report a 24 per cent decline in 2009 unaudited net income to EGP630 million ($115 million).
The largest Arab cable maker by market value, Sewedy has production plants in Ethiopia, Libya, N
Egypt-based El Sewedy Cables, the largest Arab cable maker by market value, said it was part of a consortium that won a 1 billion Egyptian pound ($183 million) electricity link project.
The power line will link the Abu Qir area in the nort
Egypt's El Sewedy Cables posted a 26 per cent decline in net profit for the first quarter of 2009 to EGP192 million ($34 million), the firm said today (May 28).
Sewedy, the largest Arab cable maker by market value, also posted a decline in
Egypt's Sewedy Cables, the largest Arab cable maker by market value, said yesterday (April 6) it expected 2009 net profit to rise 10 per cent as it derives more revenue from non-cable operations.
“We are expecting the profit for this y
Egypt-based El Sewedy Cables is in talks to buy 51.2 per cent of the Egyptian Company for Manufacturing Electrical Insulators (ECMEI), the firm said on Sunday.
Ahmed El-Homossani, El Sewedy's director of investor relations, told Reuters th