El Sewedy Electric Posts Impressive Financial Results for FY 2023: Net Income Surges +93.60% to EGP 11.13 Billion, Compared to EGP 5.75 Billion in the Same Period Last Year
El Sewedy Electric has released its financial earnings report for the fiscal year ended 2023, showcasing remarkable growth. The company's net income soared by +93.60%, reaching EGP 11.13 billion, a significant increase from EGP 5.75 billion reported in the corresponding period last year.
Furthermore, the Basic Earnings Per Share witnessed a substantial rise from EGP 2.30/share to EGP 4.26/share, reflecting the company's strong performance and profitability.
In addition, the board of directors has approved a distribution of EGP 0.50/share in dividends, excluding treasury stocks, delivering value to its shareholders.
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