On the right way
ElSewedy Electric recorded impressive Q1 2016 figures. The company’s revenues jumped by 17.9% yoy to reach EGP4.693bn. Although operational costs increased by 9.54%, representing 79.9% of revenues (vs. 86% in Q1 2015), the gross margin stood at 20.08%, an improvement by 610 bps compared to Q1 2015, thanks to the significant sales enhancement. The net result is in a continuous progress, it has almost tripled, hitting the peak of EGP767.727m, compared to EGP267.714m recorded in Q1 2015 and EGP126.524m in Q1 2014.EI Sewedy Electric establishes and operates a production facility for power cables, transformers, terminators, joint accessories, copper and aluminum terminators either coated or not coated production. Co. is engaged in designing, building, managing, operating and maintaining power generation units and power nets. Co.'s activities can be divided into three segments: Power and Special Cables; Turnkey; Electric Products and Accessories.
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