{"id":596398,"date":"2019-08-27T04:00:28","date_gmt":"2019-08-27T04:00:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/"},"modified":"2019-08-27T04:00:28","modified_gmt":"2019-08-27T04:00:28","slug":"elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/","title":{"rendered":"Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019"},"content":{"rendered":"

EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 2.6% y-o-y in 2Q2019 to EGP 957.8 mn<\/b>, down from EGP 983.8 mn during the same period last year, the company said in its earnings release (pdf)<\/a>. Revenues increased 2.1% to EGP 10.3 bn, which the company says was driven primarily by its turnkey projects segment. \u201cElsewedy Electric is well on its way to meeting the strategic objectives management has laid out for the year,\u201d CEO Ahmed El Sewedy said. \u201cDriven by our dynamic turnkey segment, Elsewedy\u2019s top line has continued to display solid growth, registering an expansion of 7% year-on-year to record EGP 21.6 bn during the first half of the year.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 2.6% y-o-y in 2Q2019 to EGP 957.8 mn, down from EGP 983.8 mn during the same period last year, the company said in its earnings release (pdf). Revenues increased 2.1% to EGP 10.3 bn, which the company says was driven primarily by its turnkey projects segment. \u201cElsewedy Electric […]<\/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":[8572],"tags":[302,152,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596398","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-elsewedy-electric","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bd096a36-cb7b-4c10-bdab-092835445e5f","is_powered_by":true,"section_story_id":"95f25024-6aba-457c-969c-9e1c2b3000c1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596385],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019 - 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\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 2.6% y-o-y in 2Q2019 to EGP 957.8 mn, down from EGP 983.8 mn during the same period last year, the company said in its earnings release (pdf). Revenues increased 2.1% to EGP 10.3 bn, which the company says was driven primarily by its turnkey projects segment. \u201cElsewedy Electric […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-27T04:00:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019\",\"datePublished\":\"2019-08-27T04:00:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\"},\"wordCount\":113,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"Elsewedy Electric\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/\",\"name\":\"Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019 - 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