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Egypt's Sewedy Q1 net drops 43pc

Cairo, May 30, 2012

Egypt's El Sewedy Electric, the Arab world's biggest listed cable maker, said its consolidated net profit for the first quarter declined 43.8 per cent, the stock exchange said on Wednesday.

The company saw its net profit fall to 102.7 million Egyptian pounds ($16.99 million) from 182.8 million pounds in the same period  last year, the bourse said.-Reuters




Tags: Egypt | profit | cables | El Sewedy Electric |

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