Arab Finance: Company announced Egyptian Electric Cables (ELEC)announced the results of its business for the financial period ending on 09/30/2024, which showed achieving a net profit. assembly It amounted to 1.302 billion pounds, compared to the company achieving a net profit of 955.410 million pounds during the same period of the previous year.
In the same context, the company achieved a net profit independentIt was estimated at approximately 435.655 million pounds, compared to a net profit of 210.810 million pounds, during the comparative period of the previous fiscal year.
It is worth noting that the net profits or losses for the year are calculated according to the share of owners of the parent company.
Founded in 1954, the Egyptian Electric Cable Company is the largest diversified cable company in Egypt. The company produces both power cables and communication cables for domestic markets and for export as well. Nearly two-thirds of revenue is derived from sales of electrical cables to the electricity sector. The export business represents a high potential business activity for the Egyptian Electric Cable Company.
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