El Sewedy Electric Company reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 39,166.3 million compared to EGP 23,608.09 million a year ago. Net income was EGP 2,506.05 million compared to EGP 1,204.7 million a year ago. Basic earnings per share from continuing operations was EGP 1.05 compared to EGP 0.5 a year ago.
For the nine months, sales was EGP 108,804.09 million compared to EGP 62,572.41 million a year ago. Net income was EGP 8,070.3 million compared to EGP 3,092.07 million a year ago. Basic earnings per share from continuing operations was EGP 3.4 compared to EGP 1.29 a year ago.