Electro Cable Egypt reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 2,325.41 million compared to EGP 1,616.68 million a year ago. Net income was EGP 416.22 million compared to EGP 72.71 million a year ago. Basic earnings per share from continuing operations was EGP 0.13 compared to EGP 0.03 a year ago.
For the nine months, sales was EGP 5,893.9 million compared to EGP 3,928.62 million a year ago. Net income was EGP 955.41 million compared to EGP 263.26 million a year ago. Basic earnings per share from continuing operations was EGP 0.29 compared to EGP 0.08 a year ago.