Sustained profitability
During Q3 2016, ElSewedy Electric’s revenues improved by 9.9% yoy to EGP4.874bn, mainly pulled up by the Turnkey Projects division which saw its revenues rise by 64.5% yoy to EGP1.684bn, representing 34.5% of total sales vs. 23% a year ago. The operating costs decreased by -0.1% to stand at EGP3.708bn, i.e a contribution of 76% to Q3 2016 revenues against 83.7% in Q3 2015, leading the gross margin to reach 23.9% vs.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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