{"id":669657,"date":"2025-08-06T00:00:00","date_gmt":"2025-08-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/06\/elsewedy-electric-sees-net-income-increase-2-1-in-2q\/"},"modified":"2025-08-06T00:00:00","modified_gmt":"2025-08-06T00:00:00","slug":"elsewedy-electric-sees-net-income-increase-2-1-in-2q","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/06\/elsewedy-electric-sees-net-income-increase-2-1-in-2q\/","title":{"rendered":"Elsewedy Electric sees net income increase 2.1% in 2Q"},"content":{"rendered":"

Elsewedy <\/strong>E<\/strong>lectric saw its net income after minority interest increase 2.1% <\/strong>y-o-y in 2Q 2025 to reach EGP 4.5 bn<\/strong>, according to the company\u2019s latest earnings release (pdf)<\/a>. Revenues grew 12.3% y-o-y during the quarter to record EGP 64.4 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

Driving the growth:<\/strong> The company\u2019s wires and cables segment was once again its main driver of revenues, growing 4.5% y-o-y to EGP 37.8 bn during the quarter, which it attributed to the segment\u2019s diverse product portfolio, strategic pricing initiatives in the Saudi and Algerian markets, and a 24% increase in volumes. Its engineering & construction segment was the second biggest revenue contributor, growing 22.8% y-o-y to EGP 17.4 bn during 2Q 2025.<\/p>\n

On a 1H basis: <\/strong>During the first half of the year, Elsewedy Electric\u2019s net income after minority interest rose 3.1% y-o-y to EGP 8.7 bn. The company\u2019s revenues came in at EGP 123.8 bn during the same period, up 20.6% y-o-y.<\/p>\n

Looking ahead: <\/strong>\u201cWe remain firmly committed to delivering on our three-year strategic growth plan, while actively exploring opportunities in new markets \u2014and even new industries,\u201d said CEO Ahmed El Sewedy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues jumped 12.3% y-o-y during the quarter<\/p>\n","protected":false},"author":1,"featured_media":669658,"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":[302,409,152,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669657","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-watch","tag-earnings","tag-earnings-watch","tag-elsewedy-electric","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b6de33d1-9fb1-4e42-83c4-82d2fe31eb36","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/663.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Elsewedy Electric sees net income increase 2.1% in 2Q","related_issue":[669641],"teaser":"Revenues jumped 12.3% y-o-y during the quarter","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.df952e70-b380-4339-8b12-c9bcb847accc.mp3"},"yoast_head":"\nElsewedy Electric sees net income increase 2.1% in 2Q - 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