Arab Finance: Company announced Elsewedy Electric (SWDY)The Hungarian Electricity Company chose a consortium led by one of the companies in the engineering and construction sector of the Elsewedy Electric Group to implement a power station project in the Hungarian province of Havás, according to statement Egyptian Stock Exchange.
The capacity of the power station reaches 650.5 megawatts in the combined cycle system and is for the benefit of MVM Matra Energy Company Limited – a subsidiary of the Hungarian Electricity Company – and the alliance includes the companies “Statis Kypria and West Hungary Pau”. The alliance was invited for final negotiations to sign the project contract under the engineering, procurement and construction system on the basis of Turnkey.
The results of its consolidated and unconsolidated operations for the financial period ending on 09/30/2024 showed achieving a net profit. assembly It amounted to 13.252 billion pounds, compared to a combined net profit of 8.070 million pounds for the same period of the previous year.
As the results showed Independent For the financial period ending on 09/30/2024, achieving a net profit of 973.734 million pounds, compared to a net profit of 2.297 billion pounds for the same period of the previous year.
Founded in 1938, the company operates in five main business segments: wires, cables and accessories, electrical products, engineering and construction, digital solutions, and infrastructure investments. It has a strong presence in 19 countries across the world, and 31 production facilities spread across African and Asian countries including Egypt, Algeria, Saudi Arabia, Qatar, Indonesia, Pakistan and Tanzania.
It exports a wide range of high-quality products to more than 110 countries around the world. Elsewedy Electric follows a distinctive, pioneering approach in providing integrated services in the field of engineering, procurement and construction (EPC), which enables it to deliver all projects of an integrated nature ready for actual operation on time and with the highest efficiency.
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