Electro Cable Egypt (ECE) (ELEC) recorded a 6.39% year-on-year (YoY) increase in consolidated profit attributable to the parent company during 2024, recording EGP 1.327 billion, compared to EGP 1.248 billion.

Electro Cable Egypt (ECE) recorded a 85.82% year-on-year (YoY) surge in consolidated net profit attributable to the parent company for the first half (H1) of 2024, according to the financial statement filed to the Egyptian Exchange (EGX) on August 19th.

Electro Cable Egypt (ECE) (ELEC) recorded a 164.79% year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first quarter (Q1) of 2024.

Electro Cable is an Egypt-based public shareholding company that operates in the electric components manufacturing sector. The company manufactures and distributes power and telecommunication cables and wires in Egypt and abroad.

Electro Cable Egypt’s (ECE) extraordinary general meeting (EGM) has approved cutting the company’s issued and paid-up capital by EGP 30.518 million via writing off 152.59 million treasury shares