{"id":586061,"date":"2023-05-03T00:00:00","date_gmt":"2023-05-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings\/"},"modified":"2023-05-03T00:00:00","modified_gmt":"2023-05-03T00:00:00","slug":"elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings\/","title":{"rendered":"Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET NEWS-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Elsewedy Electric is paying out dividends of EGP 0.40 per share <\/span><span style=\"\">on its FY 2022-23<\/span><span> earnings, payable on 21 May, the company said in an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ent.news\/2023\/5\/130.pdf\" style=\"\">EGX disclosure (pdf).<\/a><\/span><span style=\"font-weight:400;\"> <br \/><\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">EARNINGS WATCH-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Sidi Kerir Petrochemicals Company reported net income after tax of EGP 520 mn in<\/span><span style=\"font-weight:700\"> 1Q2023<\/span><span>, up 107.2% <\/span><span>y-o-y<\/span><span>, the company said in an<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%D8%B3%D9%8A%D8%AF%D9%89%20%D9%83%D8%B1%D9%8A%D8%B1%20-%20%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA%20%D9%85%D8%AC%D9%84%D8%B3%20%D8%A7%D9%84%D8%A7%D8%AF%D8%A7%D8%B1%D8%A9%202-5-2023.pdf\" style=\"\">EGX disclosure (pdf)<\/a><\/span><span style=\"font-weight:400;\">. The company recorded EGP 3.6 bn in revenues during the first quarter, up 71.4% y-o-y. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\"><\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MARKET ROUNDUP- <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The EGX30 fell 0.3% at today\u2019s close<\/span><span style=\"font-weight:400;\"> on turnover of EGP 1.68 bn. Regional investors were net buyers. The index is up 18.5% YTD.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the green: <\/span><span>Ibnsina Pharma<\/span><span style=\"font-weight:400;\"> (+6.4%), Taaleem (+3.2%) and Sidi Kerir Petrochemicals (+1.9%).<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">In the red: <\/span><span>e-Finance<\/span><span> (-2.3%), Oriental Weavers (-2.1%) and Orascom Construction (-2.1%).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MARKET NEWS- Elsewedy Electric is paying out dividends of EGP 0.40 per share on its FY 2022-23 earnings, payable on 21 May, the company said in an EGX disclosure (pdf). EARNINGS WATCH- Sidi Kerir Petrochemicals Company reported net income after tax of EGP 520 mn in 1Q2023, up 107.2% y-o-y, the company said in anEGX [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[409,68,152,633,642,706],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-586061","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-earnings-watch","tag-egx","tag-elsewedy-electric","tag-enterprisepm","tag-go-with-the-flow","tag-sidi-kerir-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"ade04ca7-a382-4deb-9741-ceda56889d3e","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[586047],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/5\/.99fb0c3c-22f6-4f84-af67-c2025a10b04f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/05\/03\/elsewedy-electric-is-paying-out-dividends-sidpec-reports-1q-2023-earnings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric is paying out dividends + Sidpec reports 1Q 2023 earnings\" \/>\n<meta property=\"og:description\" content=\"MARKET NEWS- Elsewedy Electric is paying out dividends of EGP 0.40 per share on its FY 2022-23 earnings, payable on 21 May, the company said in an EGX disclosure (pdf). 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The company\u2019s revenues jumped 69% y-o-y to EGP 8.66 bn.Obour Land is paying out EGP 380 mn of dividends at EGP 0.95 per share, the company\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":587305,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/earnings-watch-hhd-sidi-kerir-report-1q-2023-results\/","url_meta":{"origin":586061,"position":1},"title":"Earnings watch: HHD + Sidi Kerir report 1Q 2023 results","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"EARNINGS WATCH-Heliopolis Housing and development reported EGP 19.4 mn in net income in 1Q 2023, up 512.4% y-o-y, according to anEGX disclosure (pdf). 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Revenues, meanwhile, climbed 52% to EGP 92.2 bn.On a quarterly basis: Net income surged 79% to EGP 2.3 bn in 4Q 2022, while revenues rose 51% to\u2026","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/elsewedy-electric-1600px.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":584278,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/28\/what-the-markets-are-doing-on-28-march-2023\/","url_meta":{"origin":586061,"position":4},"title":"What the markets are doing on 28 March, 2023","author":"enterpriseam admin","date":"28 March 2023","format":false,"excerpt":"MARKET NEWS-Contact Financial Holding will pay out dividends of c. EGP 0.25 per share for 2022, after the company\u2019s ordinary general assembly signed off on the payout last week, according to an EGX disclosure(pdf).MARKET ROUNDUP-The EGX30 fell 0.3% at today\u2019s close on turnover of EGP 1.6 bn (21.4% below the\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551593,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/28\/speed-medicals-bottom-line-falls-to-the-red\/","url_meta":{"origin":586061,"position":5},"title":"Speed Medical\u2019s bottom line falls to the red","author":"enterpriseam admin","date":"28 June 2022","format":false,"excerpt":"EARNINGS WATCH- Speed Medical was in the red in 1Q2022, recording net losses of EGP 38.8 mn \u2014 a 233% y-o-y fall from gains of EGP 29.14 mn in 1Q2021, according to the company\u2019s financials (pdf). Revenues stayed nearly flat y-o-y, rising slightly to EGP 68.7 mn in 1Q2022 compared\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=586061"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/586061\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/586047"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=586061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=586061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=586061"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=586061"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=586061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}