{"id":630791,"date":"2018-03-01T04:21:01","date_gmt":"2018-03-01T04:21:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/"},"modified":"2018-03-01T04:21:01","modified_gmt":"2018-03-01T04:21:01","slug":"earnings-watch-elsewedy-electric-reports-2017-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/","title":{"rendered":"Earnings Watch: Elsewedy Electric reports 2017 results"},"content":{"rendered":"

EARNINGS WATCH- Elsewedy Electric reported a 65% y-o-y growth in net profit after minority interest to EGP 6.368 bn in 2017<\/strong>, up from EGP 3.85 bn in 2016, according to the company\u2019s earnings release (pdf)<\/a>. Revenues also increased 74% y-o-y to EGP 42.91 bn, driven largely by growth in the turnkey projects and wires and cables segments. Going forward, Elsewedy intends to \u201cincreasingly diversify our operations and client-base across new industries and geographies,\u201d said CEO Ahmed El Sewedy The company is also keeping an eye on internal strengthening through the \u201cadoption of best-in-class governance frameworks and policies.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Elsewedy Electric reported a 65% y-o-y growth in net profit after minority interest to EGP 6.368 bn in 2017, up from EGP 3.85 bn in 2016, according to the company\u2019s earnings release (pdf). Revenues also increased 74% y-o-y to EGP 42.91 bn, driven largely by growth in the turnkey projects and wires and […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630791","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3fe407eb-cca2-41a0-b331-35a385248d50","order":"0","is_powered_by":true,"section_story_id":"ee8439d6-dadc-4dbd-aea7-9ae66874d6c2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630776],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Elsewedy Electric reports 2017 results - 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\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: Elsewedy Electric reports 2017 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Elsewedy Electric reported a 65% y-o-y growth in net profit after minority interest to EGP 6.368 bn in 2017, up from EGP 3.85 bn in 2016, according to the company\u2019s earnings release (pdf). Revenues also increased 74% y-o-y to EGP 42.91 bn, driven largely by growth in the turnkey projects and wires and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-01T04:21:01+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\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings Watch: Elsewedy Electric reports 2017 results\",\"datePublished\":\"2018-03-01T04:21:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\"},\"wordCount\":97,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/01\/earnings-watch-elsewedy-electric-reports-2017-results\/\",\"name\":\"Earnings Watch: Elsewedy Electric reports 2017 results - 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Revenues for the quarter grew 12% y-o-y to EGP 11.2 bn from EGP 9.9 bn in 2018.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596398,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/27\/elsewedy-electric-profits-inches-down-2-6-y-o-y-in-2q2019\/","url_meta":{"origin":630791,"position":1},"title":"Elsewedy Electric Profits inches down 2.6% y-o-y in 2Q2019","author":"enterpriseam admin","date":"27 August 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573928,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/24\/earnings-watch-elsewedy-electric-dice-egypt\/","url_meta":{"origin":630791,"position":2},"title":"Earnings Watch: ElSewedy Electric, Dice Egypt","author":"enterpriseam admin","date":"24 August 2020","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric reports 2Q2020 net profits falling 44.8% y-o-y: Elsewedy Electric reported a 44.8% y-o-y decline in net profits to EGP 514.17 mn in 2Q2020, largely as a result of covid-induced disruptions in the broader economy that has slowed operations, the company said yesterday in an earnings release\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648016,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/earnings-watch-elsewedy-electric-2\/","url_meta":{"origin":630791,"position":3},"title":"Earnings watch: Elsewedy Electric","author":"enterpriseam admin","date":"25 May 2017","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric doubled its consolidated net profit in 1Q2017 to EGP 1.54 bn in 1Q2017, according to a regulatory filing (pdf). Consolidated revenues increased by 108% y-o-y to EGP 9.78 bn in 1Q2017, Reuters reports.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":630791,"position":4},"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). Revenues during the year rose 9.7% y-o-y to EGP 46.63 bn, which the company says was driven\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571525,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/14\/earnings-watch-elsewedy-electric-profits-halve-in-1q-as-covid-19-hits-operations\/","url_meta":{"origin":630791,"position":5},"title":"Earnings watch: ElSewedy Electric profits halve in 1Q as covid-19 hits operations","author":"enterpriseam admin","date":"14 May 2020","format":false,"excerpt":"EARNINGS WATCH- ElSewedy Electric profit halve in 1Q as covid-19 hits operations: ElSewedy Electric\u2019s quarterly profits plunged in 1Q2020 as weaknesses in the broader economy caused by the coronavirus impacted its operations, the company said in its quarterly earnings statement yesterday (pdf). 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