{"id":602704,"date":"2019-04-03T03:41:33","date_gmt":"2019-04-03T03:41:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/"},"modified":"2019-04-03T03:41:33","modified_gmt":"2019-04-03T03:41:33","slug":"elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/","title":{"rendered":"Elsewedy to pay out EGP 1.7 bn in shareholder dividends"},"content":{"rendered":"

Elsewedy Electric agreed this week to pay EGP 1.7 bn in dividends to shareholders at EGP 0.8 per share, according to a company statement (pdf)<\/a>. Elsewedy Electric reported in February<\/a> a 17.3% y-o-y drop in net profit to EGP 1.5 bn in 4Q2018, down from EGP 1.8 bn in 4Q2017, while revenues for the quarter grew 12.8% y-o-y to EGP 12.2 bn from EGP 10.8 bn in 4Q2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric agreed this week to pay EGP 1.7 bn in dividends to shareholders at EGP 0.8 per share, according to a company statement (pdf). Elsewedy Electric reported in February a 17.3% y-o-y drop in net profit to EGP 1.5 bn in 4Q2018, down from EGP 1.8 bn in 4Q2017, while revenues for the quarter […]<\/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":[9315],"tags":[152,72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602704","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-elsewedy-electric","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"c3b52c71-35a4-49f9-a2e7-2a05e6d5d850","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602666],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy to pay out EGP 1.7 bn in shareholder dividends - 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\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy to pay out EGP 1.7 bn in shareholder dividends\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric agreed this week to pay EGP 1.7 bn in dividends to shareholders at EGP 0.8 per share, according to a company statement (pdf). Elsewedy Electric reported in February a 17.3% y-o-y drop in net profit to EGP 1.5 bn in 4Q2018, down from EGP 1.8 bn in 4Q2017, while revenues for the quarter […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-03T03:41:33+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Elsewedy to pay out EGP 1.7 bn in shareholder dividends\",\"datePublished\":\"2019-04-03T03:41:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\"},\"wordCount\":69,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Elsewedy Electric\",\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/03\/elsewedy-to-pay-out-egp-1-7-bn-in-shareholder-dividends\/\",\"name\":\"Elsewedy to pay out EGP 1.7 bn in shareholder dividends - 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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\u2026","rel":"","context":"In "GO WITH THE FLOW"","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":582156,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/02\/elsewedy-electric-earnings-revenues-rise-more-than-50-in-2022\/","url_meta":{"origin":602704,"position":1},"title":"Elsewedy Electric earnings, revenues rise more than 50% in 2022","author":"enterpriseam admin","date":"2 March 2023","format":false,"excerpt":"Elsewedy Electric booked EGP 5.4 bn in net income after minority interest in 2022, up 51% y-o-y, according to its earnings release (pdf). 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 "EARNINGS WATCH"","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":576575,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/30\/elsewedy-electric-np-fall-1-4-in-3q2020\/","url_meta":{"origin":602704,"position":2},"title":"Elsewedy Electric NP fall 1.4% in 3Q2020","author":"enterpriseam admin","date":"30 November 2020","format":false,"excerpt":"Elsewedy Electric reported a 1.4% y-o-y dip in 3Q2020 NP to EGP 817 mn from EGP 829 mn the year before, according to a company earnings release (pdf). Revenues during the three-month period fell 12.6% to EGP 11.3 bn from EGP 12.9 bn last year. On a nine-month basis, Elsewedy\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/318.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598595,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/29\/earnings-watch-elsewedy-electric-net-profits-fall-32-in-1q2019\/","url_meta":{"origin":602704,"position":3},"title":"Earnings watch: Elsewedy Electric net profits fall 32% in 1Q2019","author":"enterpriseam admin","date":"29 May 2019","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric reported a 32% y-o-y drop in net profit to EGP 957.2 mn in 1Q2019, down from EGP 1.4 bn in 1Q2018, the company said in its earnings release (pdf). 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Revenues rose almost 50% to EGP 20.4 bn during the April-June quarter, driving a 27% increase in net income, which reached EGP 1.1 bnWire and cables\u2026","rel":"","context":"In "EARNINGS WATCH"","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/8\/375.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569377,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/23\/earnings-watch-elsewedy-electric-reports-19-4-drop-in-net-profits-after-minority-interest\/","url_meta":{"origin":602704,"position":5},"title":"Earnings watch: Elsewedy Electric reports 19.4% drop in net profits after minority interest","author":"enterpriseam admin","date":"23 February 2020","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net profit after minority interest dropped 19.4% y-o-y to EGP 4.02 bn in 2019, down from EGP 4.99 bn in 2018, the company said in its earnings release (pdf). 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