El Sewedy Electric Company reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EGP 36,301.93 million compared to EGP 20,391 million a year ago. Net income was EGP 2,659.59 million compared to EGP 1,126.5 million a year ago. Basic earnings per share from continuing operations was EGP 1.12 compared to EGP 0.47 a year ago.
For the six months, sales was EGP 69,637.79 million compared to EGP 38,964.31 million a year ago. Net income was EGP 5,564.26 million compared to EGP 1,887.36 million a year ago. Basic earnings per share from continuing operations was EGP 2.34 compared to EGP 0.78 a year ago.