{"id":326035,"date":"2022-08-24T12:13:08","date_gmt":"2022-08-24T12:13:08","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=326035"},"modified":"2022-08-24T12:13:08","modified_gmt":"2022-08-24T12:13:08","slug":"elsewedy-electric-earns-egp-2bn-in-1h-2022","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/","title":{"rendered":"Elsewedy Electric earns EGP 2bn in 1H 2022"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Moreover, the company\u2019s revenues increased to EGP 38.96bn, up from EGP 26bn, and the parent company\u2019s share of profits recorded EGP 1.88bn, compared to EGP 1.58bn.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Managing Director Ahmed Elsewedy said that the company continues to reap the benefits of the flexibility of its business model and its ability to adapt to various challenges, which has strengthened its ability to overcome the state of instability and economic fluctuations that clouded the global scene.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe company is able to deal with the ever-changing operating environment thanks to its strong foundations and flexibility that enhances its ability to continue achieving our ambitious goals,\u201d he added.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">He also stressed that management has been working to enhance the efficiency of operational processes to become more sustainable and environmentally friendly, and that one of the main reasons for the company\u2019s success is the focus on developing its digital capabilities.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Furthermore, Elsewedy pointed out that the company has made remarkable progress in terms of its digital transformation strategy vis-\u00e0-vis the organisational and engineering structure in order to enhance operational performance, and this transformation will serve as the main pillar for improving operational efficiency, as well as providing an integrated platform for achieving future growth and maximising returns for shareholders.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Additionally, the company\u2019s Board of Directors decided earlier to purchase treasury shares with a maximum of 30m shares \u2014 1.37% of the company\u2019s total stocks \u2014 from the open market.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The company stated that the purchase of treasury shares will be carried out from 6 July until 5 October to strengthen the share price in the market and investment opportunities for the company.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.<\/p>\n","protected":false},"author":2,"featured_media":321098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,21],"tags":[],"class_list":["post-326035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa<\/title>\n<meta name=\"description\" content=\"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa\" \/>\n<meta property=\"og:description\" content=\"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"egy-africa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-24T12:13:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"430\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FGY TEAM\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FGY TEAM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/\",\"url\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/\",\"name\":\"Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa\",\"isPartOf\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1\",\"datePublished\":\"2022-08-24T12:13:08+00:00\",\"dateModified\":\"2022-08-24T12:13:08+00:00\",\"author\":{\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\"},\"description\":\"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.\",\"breadcrumb\":{\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1\",\"width\":750,\"height\":430},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/egy-africa.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elsewedy Electric earns EGP 2bn in 1H 2022\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/egy-africa.com\/en\/#website\",\"url\":\"https:\/\/egy-africa.com\/en\/\",\"name\":\"egy-africa\",\"description\":\"Just another WordPress site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/egy-africa.com\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203\",\"name\":\"FGY TEAM\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g\",\"caption\":\"FGY TEAM\"},\"sameAs\":[\"mohamed nour\"],\"url\":\"https:\/\/egy-africa.com\/en\/author\/egy-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa","description":"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/","og_locale":"en_US","og_type":"article","og_title":"Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa","og_description":"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.","og_url":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/","og_site_name":"egy-africa","article_published_time":"2022-08-24T12:13:08+00:00","og_image":[{"width":750,"height":430,"url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1","type":"image\/jpeg"}],"author":"FGY TEAM","twitter_card":"summary_large_image","twitter_misc":{"Written by":"FGY TEAM","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/","url":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/","name":"Elsewedy Electric earns EGP 2bn in 1H 2022 - egy-africa","isPartOf":{"@id":"https:\/\/egy-africa.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage"},"image":{"@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1","datePublished":"2022-08-24T12:13:08+00:00","dateModified":"2022-08-24T12:13:08+00:00","author":{"@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203"},"description":"The profits of Elsewedy Electric increased by 16% in the first half (1H) of this year to reach EGP 2.02bn, compared to 1H 2021\u2019s EGP 1.74bn in profits.","breadcrumb":{"@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#primaryimage","url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1","contentUrl":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1","width":750,"height":430},{"@type":"BreadcrumbList","@id":"https:\/\/egy-africa.com\/en\/2022\/08\/24\/elsewedy-electric-earns-egp-2bn-in-1h-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/egy-africa.com\/en\/"},{"@type":"ListItem","position":2,"name":"Elsewedy Electric earns EGP 2bn in 1H 2022"}]},{"@type":"WebSite","@id":"https:\/\/egy-africa.com\/en\/#website","url":"https:\/\/egy-africa.com\/en\/","name":"egy-africa","description":"Just another WordPress site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/egy-africa.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/766449568f62e1fb3bb25b041186d203","name":"FGY TEAM","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/egy-africa.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6e82bb52c7fb4184d4805af7ec868b48?s=96&d=mm&r=g","caption":"FGY TEAM"},"sameAs":["mohamed nour"],"url":"https:\/\/egy-africa.com\/en\/author\/egy-team\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/egy-africa.com\/en\/wp-content\/uploads\/2021\/02\/El-Sewedy.jpg?fit=750%2C430&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pcF3XZ-1mOD","_links":{"self":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/comments?post=326035"}],"version-history":[{"count":1,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326035\/revisions"}],"predecessor-version":[{"id":326036,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/posts\/326035\/revisions\/326036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media\/321098"}],"wp:attachment":[{"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/media?parent=326035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/categories?post=326035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/egy-africa.com\/en\/wp-json\/wp\/v2\/tags?post=326035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}