Egypt: Elsewedy Electric's Q1 consolidated profit rises 4.18% YoY
Elsewedy Electric (SWDY) reported a 4.18% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2025, according to the company's financial statement filed to the Egyptian Exchange (EGX) on May 26th.
Consolidated net profit attributable to the parent company amounted to EGP 4.146 billion in Q1 2025, compared to a profit of EGP 3.979 million in Q1 2024.
The company also generated consolidated revenues of EGP 59.391 billion in the first three months this year, up from EGP 45.249 billion in the same quarter last year.
The company recorded a standalone net loss after tax of EGP 477.965 million in Q1 2025, up from EGP 644.131 million in Q1 2024.
Elsewedy Electric is a leading integrated energy solutions provider in Africa and the Middle East. It has a portfolio incorporating all traditional and renewable energy areas along with related services.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
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