Consolidated net profit before minority interest stood at EGP 1,731,752,667 in the January-September period of 2020, compared to EGP 2,717,223,414 achieved in the prior-year period.
Standalone net profit reached EGP 2,079,207,130 in the January-September period of 2020, a 12% decrease from EGP 2,358,743,428 posted in the corresponding period a year earlier.
Elsewedy Electric for Trading and Distribution, a subsidiary of the listed Elsewedy Electric, signed an engineering, procurement, and construction (EPC) agreement with the Egyptian government worth $90 million (EGP 1.4 billion), according to a November 16th press release.
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