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