{"id":662365,"date":"2025-03-16T00:00:00","date_gmt":"2025-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/elsewedy-electric-sees-bottom-line-climb-72-6-in-2024\/"},"modified":"2025-03-16T00:00:00","modified_gmt":"2025-03-16T00:00:00","slug":"elsewedy-electric-sees-bottom-line-climb-72-6-in-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/elsewedy-electric-sees-bottom-line-climb-72-6-in-2024\/","title":{"rendered":"Elsewedy Electric sees bottom line climb 72.6% in 2024"},"content":{"rendered":"

EGX-li<\/strong>sted Elsewedy Electric\u2019s net income rose 72.6% y-o-y<\/strong> to EGP 17.5 bn in 2024<\/strong>, according to the company\u2019s latest earnings release (pdf)<\/a>. Meanwhile, revenues expanded 52.4% y-o-y during the year to EGP 232 bn.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The company\u2019s wires and cables segment remained its largest revenue generator<\/strong>, climbing 66.4% y-o-y to EGP 137.2 bn in 2024, supported by higher prices and increased sales volumes. The company\u2019s turnkey segment followed as the second-biggest contributor, with revenue from the segment rising 32.4% y-o-y to EGP 70 bn during the year.<\/p>\n

On a quarterly basis<\/strong>, the company\u2019s bottom line more than doubled in 4Q 2024, rising 105.8% y-o-y to EGP 4.2 bn, as strong revenue growth offset the impact of higher costs. Revenues climbed 54.8% y-o-y during the quarter to EGP 67.2 bn, driven by strong performance across the company\u2019s core business segments.<\/p>\n

ALSO- The board proposed a dividend payout of EGP 1 per share<\/strong>, the release reads.<\/p>\n

Looking ahead: <\/strong>\u201cOur ambitious three-year plan aims to double exports and expand our portfolio, further solidifying our position as a global leader. To this end, we will continue to forge partnerships with industry leaders to drive innovation and expand in key markets, while integrating the latest AI-driven solutions to enhance efficiency and streamline operations,\u201d CEO Ahmed El Sewedy said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shareholders could be in line for a dividend payout of EGP 1 per share<\/p>\n","protected":false},"author":1,"featured_media":662366,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7208],"tags":[409,152,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings-watch","tag-elsewedy-electric","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"2b48bae4-50e4-45fe-a773-189ae00b8974","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/685.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy Electric sees bottom line climb 72.6% in 2024","related_issue":[662354],"teaser":"Shareholders could be in line for a dividend payout of EGP 1 per share","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0b54f8f2-db76-41fd-a725-bd123052dbb2.mp3"},"yoast_head":"\nElsewedy Electric sees bottom line climb 72.6% in 2024 - 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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":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":662365,"position":1},"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":555493,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/earnings-watch-fawry-elsewedy-electric-gb-auto-and-rameda\/","url_meta":{"origin":662365,"position":2},"title":"Earnings watch: Fawry, Elsewedy Electric, GB Auto, and Rameda","author":"enterpriseam admin","date":"16 November 2021","format":false,"excerpt":"E-payments giant Fawry saw its bottom line ease 26% to EGP 36.1 mn in 3Q2021, according to its earnings release (pdf). Revenues rose 31% y-o-y during the quarter to EGP 448.3 mn.On a nine-month basis, Fawry\u2019s net income is nevertheless up 25% over the same period last year at EGP\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\/2021\/11\/477.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592921,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/earnings-watch-elsewedy-electric-oriental-weavers-domty\/","url_meta":{"origin":662365,"position":3},"title":"Earnings watch: Elsewedy Electric, Oriental Weavers, Domty","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"EARNINGS WATCH- Elsewedy Electric\u2019s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during the same period last year, the company said in its earnings release (pdf). Revenues during the first nine months of 2019 increased 14.0% y-o-y to EGP 34.5 bn, which the\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":543640,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/10\/earnings-watch-elsewedy-electric-revenues-up-by-a-third-in-2021\/","url_meta":{"origin":662365,"position":4},"title":"Earnings watch: Elsewedy Electric revenues up by a third in 2021","author":"enterpriseam admin","date":"10 February 2022","format":false,"excerpt":"Elsewedy Electric booked EGP 3.5 bn in net income in 2021, up 16.7% y-o-y, while revenues for the full year rose 30.5% y-o-y to EGP 60.5 bn, according to the company\u2019s earnings release (pdf). For the fourth quarter of 2021, net income fell 4.3% y-o-y to EGP 1.2 bn. Revenues\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\/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":662365,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662365","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=662365"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/662365\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/662354"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/662366"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=662365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=662365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=662365"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=662365"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=662365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}