Co reported a 70.58% year-on-year (YoY) hike in its consolidated net profits to EGP 1.74 billion in the first half (H1) of 2021, compared to EGP 1.025 billion, including minority shareholders’ rights.
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The revenues increased to EGP 26.01 billion in the January-June period from EGP 20.11 billion in the prior-year period, the company said in a bourse disclosure on Tuesday.
As for standalone business, the company posted net profits of EGP 55.97 million in H1-21, down from EGP 2.15 billion in H1-20.
In the first quarter (Q1) of 2021, Elsewedy Electric Co. reported consolidated net profits of EGP 769.49 million, up from EGP 463.69 million in the year-ago period, including minority shareholders’ rights.
