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El Sewedy Electric’s profits exceed EGP 3 billion

Elsewedy Electric’s consolidated profits increased by 15.2% in 2021, amounting to EGP 3.81 billion, compared to a net profit of EGP 3.3 billion in 2020.

The company’s consolidated revenues rose to EGP 60.54 billion in 2021, with total revenue of EGP 46.4 billion in 2020.

While the independent company’s profits fell by 51% in 2021 to record EGP 1.12 billion, compared to a net profit of EGP 2.23 billion in 2020.

The independent company’s revenues increased to EGP 4.1 billion in 2021, with total revenue of EGP 2.8 billion in 2020.