El Sewedy Electric records Q2 net profit of $68.63mn

Egyptian cable maker El Sewedy Electric lifted second-quarter net profit to 537.38 million Egyptian pounds (US$68.63 million) from 103.62 million pounds a year earlier, it said in a bourse statement Tuesday.

The company reported revenue of 7.1 billion pounds, against 4.2 billion pounds in the same period last year.

Source: Reuters