CAIRO, Sept 3 (Reuters) - Egypt's El Sewedy Electric
Net income tumbled to 30.6 million Egyptian pounds ($5.01 million) from 169.5 million in the same quarter a year earlier, the company said, without giving a reason for the decline.
Analysts say political turmoil in Sewedy's main Middle East markets, especially Syria, has led to weaker demand that forced it to cut some production. ($1 = 6.1027 Egyptian pounds)
(Reporting by Ehab Farouk; Writing by Tom Pfeiffer)
((thomas.pfeiffer@thomsonreuters.com)(+202 2578 3290)(Reuters Messaging: thomas.pfeiffer.thomsonreuters.com@reuters.net))
Keywords: SEWEDY




















