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Sewedy Jan-Sept net profit drops 24pc

Cairo, December 1, 2011

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.     

Net profit fell to 528.3 million Egyptian pounds ($88 million) from 698.1 million pounds in the same period of 2010, the bourse said. – Reuters

 




Tags: Egypt | Cairo | profit | drop | Sewedy |

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